Silverlake Axis Q4 net profit dips 5 per cent despite higher revenue

Singapore

SOFTWARE solutions and services provider Silverlake Axis' fourth-quarter net profit for the three months ended June 30 fell five per cent year on year to RM36.25 million, weighed down partly by a loss from disposing of shares in Shenzhen-listed Global InfoTech Co (GIT).

However, excluding the loss on disposal, the adjusted net profit of RM39.5 million for the quarter would have been three per cent higher than the corresponding quarter a year ago, the company said.