Silverlake Axis chalks up 30% gain in profit-after-tax in Q4 FY22

ENTERPRISE technology, software and services company Silverlake Axis (SAL) reported a 30 per cent year-on-year increase in profit-after-tax to RM47.9 million (S$14.9 million) for the fourth quarter ended June 30, 2022, in line with higher revenue.

Revenue increased 16 per cent to RM205.2 million thanks to higher contributions from project related revenue segments as well as a resurgence in insurance ecosystem transactions and services.

For the 12 months ended June 30, net profit was up 27 per cent year-on-year to RM182.15 million, while revenue rose 18 per cent to RM736.54 million on the back of higher revenue across its business activities.