You are here

Capex deferral sends Silverlake Axis' Q1 net profit down 30%

A DEFERRAL of big-ticket projects and deals because of Covid-19 have dealt a blow to software company Silverlake Axis's first-quarter results.

The group on Friday posted a 30 per cent drop in net profit to RM32.9 million (S$10.7 million), on the back of a 10 per cent decline in revenue to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to