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Silverlake Axis posts 86% increase in 4Q earnings to $22.3 mil on higher sales, other income

Samantha Chiew
Samantha Chiew • 2 min read
Silverlake Axis posts 86% increase in 4Q earnings to $22.3 mil on higher sales, other income
SINGAPORE (Aug 23): Silverlake Axis reported 4Q19 earnings of RM67.5 million ($22.3 million), 86% higher versus RM36.2 million in 4Q18.
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SINGAPORE (Aug 23): Silverlake Axis reported 4Q19 earnings of RM67.5 million ($22.3 million), 86% higher versus RM36.2 million in 4Q18.

The quarterly bottomline also brings FY19 earnings to RM245.6 million, 83% higher than RM134.1 million in FY18.

In 4Q19, revenue came in 30% higher at RM189.3 million from RM145.5 million a year ago, with the group’s software project services seeing the higher revenue increase of 262% y-o-y to RM35.2 million.

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