April 02, 2023

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Silverlake Axis Results Update (Q4 FY21)

Silverlake Axis revenue came in RM 176.7 Million for the final Q4 and it is an improvement of 12% YoY compared to earlier Q4 at RM 156 Million. Net profit came in at RM 36.9 Million this quarter versus  RM 59.1 Million last quarter. The discrepancy in topline versus the bottomline is due to the tax credits for the earlier year as well as one-off non-recurring expenses including re-measurement of put liability and derivative asset (put and call option for XIT Group acquisition charged during Q4 FY2021 of over RM 24.0 million). This would mean otherwise the PAT woul

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