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Petaling Jaya, 19 July 2023 – Censof Holdings Berhad, a technology holdings company specialising in financial management software solutions, today announced that its joint venture partner, Cloocus Co Ltd (“Cloocus”) has won the Country of the Year 2023 Microsoft Partner of the Year Award for three consecutive years.

Cloocus, a leading Data and AI-based cloud experts group specialized in Microsoft was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“We are honored and thrilled to be named the Microsoft Country Partner of the Year for the 3rd consecutive year. This award recognizes the dedication and expertise of Cloocus.” said Steve Hong, the CEO of Cloocus.

“We are committed to empowering our clients, maximizing their business values, leveraging the remarkable capabilities of Microsoft Cloud. We will continue delivering innovative solutions based on Data and AI drive growth and success for our valued clients. This achievement reinforces our position as a trusted partner, showcasing our commitment to excellence in digital transformation.”

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services, and devices during the past year. Awards were classified in various categories, with honorees chosen from a set of more than 4,200 submitted nominations from more than 106 countries worldwide. Cloocus was recognized for providing outstanding and services in Korea.

Cloocus has solidified its unique position as a Microsoft Cloud partner in the Korean Market by winning the Partner of the Year Award for 3rd consecutive year. It has been honored as the Top Partner for Data & AI at the 2023 Microsoft Korea Partner Awards. Additionally, Cloocus has achieved the prestigious “Elite” level, making it the first company in Korea to attain such status within the Databricks partner program.

Operating a dedicated AI Business Center, Cloocus provides comprehensive support to businesses aiming to leverage the exceptional capabilities of Microsoft Cloud to maximize their business value. It offers a wide range of Azure-based data analytics and AI solutions, including GPT/OpenAI, Databricks, Machine Learning, Synapse, and Power BI.

With a customer base of over 800 clients across various industries, Cloocus has successfully secured customers with major corporation such as SK, Hanwha, Samsung Engineering, Samsung C&T, and Hyundai Motors. Furthermore, it has established a strong presence within the gaming industry, boasting notable customers such as Krafton, PearlAbyss, and Netmarble.

Cloocus actively participates in the Microsoft Launcher program, which is designed for digital-native customers, including those in the gaming industry, through close collaboration with Microsoft.

As an indirect provider, Cloocus expands the partner ecosystem for Microsoft`s business and provides support to customers through ISV growth programs and other initiatives.

“We at Censof is delighted for Cloocus, truly well deserved. This award absolutely demonstrated Cloocus’ high-caliber expertise in delivering Microsoft technologies and solutions. We are absolutely proud to be collaborating with them as we revolutionize the Malaysian cloud market together,” said Ameer Shaik Mydin, group managing director of Censof.

“Congratulations to the winners of the 2023 Microsoft Partner of the Year Awards!” said Nicole Dezen, Chief Partner Officer, and Corporate Vice President of Global Partner Solutions at Microsoft. “The innovative new solutions and services that positively impact customers and enable digital transformation from this year`s winners demonstrate the best of what`s possible with the Microsoft Cloud.”

Microsoft Partner of the Year Awards are announced annually prior to the company`s global partner conference, Microsoft Inspire, which will take place on July 18-19 this year. Additional details on the 2023 awards are available on the Microsoft Partner Network blog: http://aka.ms/POTYA2023_announcement. The complete list of categories, winners and finalists can be found at https://partner.microsoft.com/en-US/inspire/awards/winners.

Petaling Jaya, 10 July 2023 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, has accepted the Letter of Acceptance from the Suruhanjaya Syarikat Malaysia (“SSM”) in relation to the financial management system project (“the Project”) through its wholly owned subsidiary, Century Software (Malaysia) Sdn Bhd (“CSM”), today.

The Project, valued at RM13.4 million involves the development, supply, implementation, warranty, support, maintenance and licenses of the financial management system by CSM to SSM. The tenure of the Project is for a period of six (6) years, commencing from 19 July 2023 until 18 July 2029.

“We are honoured that the SSM, being the statutory body vested with the authority to regulate and oversee Malaysia’s corporate and business affairs, has selected Censof to provide end-to-end processes pertaining to its financial management system for its organization. This Project is undeniably a testament of our proven track record as a financial management system provider and it is expected to provide the Group’s earnings visibility for the next 6 years from the financial year ending 31 March 2024 onward. With this, I would like to express my gratitude to SSM for their confidence and trust in Censof to execute the Project,” said Ameer Shaik Mydin, group managing director of Censof.

He further added, “Leveraging on our experience and expertise of over two decades, we are able to customise our solutions catering to the needs of our customers. We will continue to develop innovative financial management solutions for our customers and secure more contracts in the near future to further strengthen Censof’s position as the leading provider of financial management software solutions.”

KUALA LUMPUR (April 18): Financial management software solution provider Censof Holdings Bhd has secured a RM5.97 million project to develop a unit trust management system for Pelaburan Hartanah Bhd (PHB).

This follows the acceptance of a letter of intent that Censof had received from PHB eight months ago.

In a bourse filing on Tuesday (April 18), Censof said its wholly owned subsidiary Century Software (M) Sdn Bhd (CSM) had on Tuesday accepted the letter of award (LOA) from PHB as application vendor for the project. PHB is the real estate investment holding arm of Yayasan Amanah Hartanah Bumiputera.

It added that the whole project will be completed within 12 months from the commencement date, which will be determined and agreed between PHB and CSM in writing. “The LOA is not expected to have any material effect on the earnings per share of the company for the financial year ending March 31, 2024,” said Censof.

Censof shares closed unchanged at 25 sen on Tuesday, giving it a market capitalisation of RM138.07 million.

Kuala Lumpur, 30 September 2022 – Censof Holdings Berhad’s (“Censof” or the “Group”) subsidiary, Netsense Business Solutions Sdn Bhd (“Netsense”), showcased Acumatica’s cloud-based Enterprise Resource Planning (“ERP”) solutions for the manufacturing and construction industries at the Smart Nation Expo 2022 that was held in the Malaysia International Trade and Exhibition Centre, Kuala Lumpur, from 27-29 September 2022.

As a gold certified partner of Acumatica, Netsense will provide ‘Acumatica Manufacturing’ and ‘Acumatica for Construction’ software solutions to automate manual processes, improve data visibility, boost operational efficiency, and allow users to access the solutions anywhere through its cloud access server.

Speaking on how smarter small and medium-sized enterprises (“SMEs”) can make smarter nations, Netsense chief executive officer Abdul Rehman said, “Our partnership with Acumatica allows us to further accelerate the digital transformation of the nation by leveraging on their modern cloud-based ERP software to not only help our customers automate the traditional laborious processes, but also enhance operational efficiency as human errors would be minimised. This also allows companies to access their own data from anywhere in the world as long as they have internet connection.”

“Today, with the accessibility and availability of smart technology software and devices, SMEs have a plethora of tools to equip themselves with to increase efficiency and productivity within the organisation. As technology continues to advance, we are certain that the SMEs will continue to grow alongside as new and innovative technology will only bring more benefits to the industry,” he added.

Since its establishment in 2013, Netsense offers a wide array of business solutions ranging from the Acumatica cloud-based ERP software to a multitude of accounting, customer relationship management, human resource, payroll, project management, business intelligence, customised dashboards, mobile apps and ecommerce solutions.

To date, Netsense has assisted over 100 companies to complete the digital transformation of their businesses through its comprehensive solutions and vast experiences in the technological software industry. Some of its current notable clients that have adopted Acumatica’s solutions include EdgePoint, Secret Recipe, MPH Bookstore, NGC Energy, Precision Control, Enrico’s Raviraj, Kajima, and LTI Engineering.

Kuala Lumpur, 15 June 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, today announced that it has acquired 41,680 treasury shares in Asian Business Software Solutions Pte Ltd (“ABSS”) for SG$1.28 million (equivalent to approximately RM4.09 million). The 41,680 treasury shares represent a 7.93% equity interest in ABSS, increasing Censof’s equity interest in ABSS to 97.00% from 89.07% currently, upon completion of the acquisition.

The acquisition is expected to improve Censof’s earnings with its higher equity interest in ABSS. It will also enhance the Group’s long-term growth potential as well as strengthening its position as a market leader to provide the full spectrum of the financial management solutions across all levels of market segment.

“This additional investment in ABSS is yet another one of our strategic decisions to enhance our financial performance in the near future. As we have always said, Censof is not only offering financial management solutions to the government sector, it is also aggressively expanding into the commercial and SME segment. ABSS is an excellent platform for us to grow. Back in 2015, we have acknowledged ABSS’ potential, with its strong presence in Southeast Asia and that was when we decided to acquire a 51% equity interest. Since then, we have increased our stake to 89.07% as of April last year. Over the last 6 years, we have seen exponential growth in ABSS. To date, ABSS has declared a total dividend of SG$6.3 million or approximately RM20.0 million since the acquisition in 2015. On average, ABSS serves more than 300,000 SME clients across Malaysia, Singapore and Hong Kong, where ABSS is currently the market leader in Hong Kong and Singapore,” said Ameer Shaik Mydin, group managing director of Censof.

He further added that good prospects for the financial management solutions offered by ABSS are looming, as demand is anticipated to increase given its track records. ABSS has achieved an impressive revenue growth at a compound annual growth rate of 18.46% from year 2016 to 2022. Opportunities are endless as the Group is also tapping into the micro small and medium enterprises (“SME”), leveraging on the Financio software. The customer base for the Financio software is expected to double up within the next 2 years, barring any unforeseen circumstances. Financio, a product of ABSS, is a user-friendly cloud accounting software developed in English, Bahasa and Chinese that automates and simplifies accounting tasks, designed for small businesses. Being cloud-based, the software can be easily accessible from anywhere with very competitive pricing.

“We are glad our strategy is falling into place as planned, and as a result our earnings from our commercial and SME segment has expanded by over 50% from FY2021 to FY2022. This synergistic acquisition is deemed to unlock the opportunities for us to progress further to tap into the other various SMEs, which include the start-ups, micro and small businesses. There is no doubt that we are putting our full effort to achieve digital transformation, in line with the government’s National Economic Recovery Plan to encourage more SMEs to start their digital transformation journey. Moving forward, Censof will continue to focus on growing its core businesses, as well as exploring inorganic opportunities such as penetrating into the area of digital technology via merger and acquisition exercises that could ultimately boost the Group’s financial performances,” he added.

Commenting on the acquisition, chief executive officer Rhys Brown said, “We are excited to have additional investment from Censof, following another strong financial year. While others in our industry struggle with balancing profitability and expansion, ABSS has managed both extremely well. The opportunity we have is huge, with over 300,000 SME customers. Moreover, our transition from established on-premise products to fully cloud-enabled solutions, like Financio, provides a great platform for rapid growth. Our recent strategic partnerships with RHB, DBS & Maybank combined with an ever-expanding partner network of accountants and bookkeepers will support significant customer migration and growth – we are just getting started.”

ABSS is a developer and leading supplier of ABSS-branded financial management and accounting software that supports the Asian small and medium enterprises and cloud-based accounting product, namely Financio that caters for start-ups and entry level SMEs.

Declares Interim Dividend of 0.75 Sen

Full year FY2022 Highlights

• Revenue of RM110.1 million, up 26.0%
• Operating profit rose 101.5% from 11.5 million to RM23.1 million
• Declared an interim single-tier dividend of 0.75 sen per share for FY2022

Fourth quarter FY2022 Highlights

• Revenue increased 38.4% to RM44.8 million
• Profit Before Tax improved 12.5% to RM15.0 million.

KUALA LUMPUR, May 31 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, reported its unaudited financial results for the fourth quarter (“Q4FY2022”) and full year ended 31 March 2022 (“FY2022”) on 30 May 2022.

For the full financial year, Censof achieved a 26.0% growth in revenue to RM110.1 million, from RM87.4 million in the previous year. The increase was mainly driven by the higher contribution from the financial management solutions for government segment (“FMS-G”) and financial management solutions for commercial and small and medium enterprises segment (“FMS-C & SME”). The revenue was further enhanced by the contribution from the newly set up Digital Technology (“DT”) segment, upon the acquisition of a robotic process automation (“RPA”) business under Cognitive Consulting Sdn Bhd during the year. The revenue from the DT segment was solely derived from cloud computing services, electronic tendering services and RPA.

The profit before tax and profit after tax and minority interests (“PATAMI”) were relatively lower, year on year at RM24.1 million and RM18.4 million respectively, in light of the absence of one-off contributing factors where the recognition of non-recurring items in the preceding year boosted FY2021’s operating profit and PATAMI. Excluding the non-recurring items, FY2022’s operating profit of RM23.1 million was more than 100% higher than FY2021’s operating profit of RM11.5 million. Similarly, PATAMI surged over 100% from RM8.3 million FY2021 to RM17.5 million in FY2022 after excluding the non-recurring items of fair value adjustment and gain on disposal of other investments for both financial year.

For the 3 months ended 31 March 2022, the Group recorded a revenue growth of 38.4% to RM44.8 million, from RM32.4 million in the same quarter last year, primarily attributed to the establishment of the DT segment in January 2022 and higher revenue generated by the FMS – G segment. Higher project deliverables and new project order enabled the latter segment to record a revenue growth of 40.1% to RM35.6 million. Consequence to the higher revenue, profit before tax surged 12.5% from RM13.4 million to RM15.0 million.

Censof’s financial position as at 31 March 2022 remained healthy with cash and cash equivalents of RM30.0 million. Net assets per share attributable to ordinary equity holders of the company was 17.84 sen.

“We are delighted that Censof has achieved yet another set of satisfactory full year results for FY2022 despite a challenging year. The accounting software and solutions have once again proven its resilience and growth potential. Our fourth quarter yet again remains our strongest quarter with higher revenue recognised from the FMS – G segment. At the PBT level, the FMS – G segment’s earnings increased significantly by over 300%, in contrast to the third quarter, supported by the higher maintenance revenue from the renewal of contracts from our existing government agencies customers, back in January. We also experienced higher sales contribution from the fast-tracking project during this quarter.

We remained aligned with the government’s positive digitalisation transformation agenda, in particular the emphasis on cloud-based financial solutions and applications. We will continue to explore investments and partnership opportunities in the digital technology field to further innovate our products and solutions. We will also pioneer the adoptions and compliances of advanced technologies plus the latest accounting standards to be offered to our large customer base, including the commercial and SMEs sector,” said group managing director of Censof, Ameer Shaik Mydin.

From left to right: Tamil Selvan M.Durairaj (Deputy Group Managing Director, Censof), Representative from Lembaga Pertubuhan Peladang, Representative from Kolej Poly-Tech Mara, Tan Sri Datuk Wira Dr Hj Mohd Shukor (Independent Non-Executive Director, Censof), YBhg. Datuk Dr. Yacob bin Mustafa (Akauntan Negara Malaysia, Jabatan Akauntan Negara Malaysia), En Ameer Bin Shaik Mydin (Group Managing Director, Censof), Representative from Perbadanan Kemajuan Negeri Selangor, Representative from Institut Penyelidikan dan Kemajuan Pertanian Malaysia, Ang Hsin Hsein (Executive Director, Censof Holdings Berhad) and Puan Siti Safiah (Director, CSM)

Putrajaya, 24 May 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, yesterday launched its software robot, also known as Recon as a Service (“RAAS”) to automate bank reconciliation process for government agencies. The launch was in conjunction with its wholly owned subsidiary Century Software (Malaysia) Sdn Bhd’s (“CSM”) 25th anniversary celebration and was witnessed by the Accountant General of Malaysia, YBhg. Datuk Dr. Yacob bin Mustafa.

The RAAS will ease, simplify and enhance the bank reconciliation process by utilising innovative technology of robotic process automation or RPA to automate the front and back-end reconciliation processes in a more efficient manner across the government agencies. By capitalising on the RPA technology, RAAS will emulate human behaviour to act as a digital workforce that operates in a faster and more accurate manner.

The RAAS targets to simplify the tedious bank reconciliation process, reduces the burden of government employees to perform repetitive tasks, while enhancing the efficiency and accuracy of operational work. In addition, through RAAS, the automated bank reconciliation process minimises the need for human intervention, hence, reduces the risk of human errors. Generally, although RPA replaces human workforce, it now allows the same workforce to focus on strategic and analytical related tasks.

“The celebration marks a significant milestone for the Group. 25 years ago, we embarked on the journey of being the market leader and to become one of the pioneers in helping government agencies to achieve SAGA compliance. We have worked with more than 90 government agencies, supplying our SAGA compliant financial management and other business solutions. As we continue to innovate our products and solutions, we are extremely pleased to concurrently launch this innovative software robot, that capitalises on RPA technology. RAAS has the ability to analyse and evaluate a high volume of data accurately within a short period of time. We have indeed seen positive interest and demand across the digital industry today to utilise this RPA technology, going forward,” said Ameer Shaik Mydin, group managing director of Censof.

He further added that the team at Censof will continuously modernise the Group’s solutions portfolio by connecting and integrating the portfolio in new and innovative ways. The Group’s products and solutions will consistently go through technological innovation phases to embrace the latest technologies. This is executed to ensure that the customers will receive technological innovations that can improve their daily operations. It will also further enhance operational efficiency, productivity and effectiveness in accordance with the latest accounting and financial objectives and policies at ministries, agencies and statutory bodies.

Censof is committed to accelerate digital transformation, aligning with the MyDIGITAL initiative that complements the 12th Malaysia Plan to expedite the adoption and application of technologies to maximise the potential of the digital economy within the public sector and the micro, small and medium enterprises. The adoption of advanced technologies, specifically the Fourth Industrial Revolution (IR 4.0) technologies, is crucial where it is expected to revolutionise the way the society lives, works and communicates in the near future.

KUALA LUMPUR, Feb 23 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, is delighted to announce that its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd (“CSM”) has entered into a Share Subscription Agreement (“SSA”) with GW Intech Sdn Bhd (“GW Intech”) on 22 February 2022.

The SSA entails the acquisition of a 51% equity stake in GW Intech through the share subscription of 100,000 new GW Intech shares for the subscription consideration of RM500,000.

GW Intech, established in 2001 as an information technology (“IT”) solution provider, specialises in analysing, designing, developing and implementing IT solutions. GW Intech is the first company to be awarded the ePBT 1.0 contract in 2005 by the Kementerian Perumahan dan Kerajaan Tempatan. Subsequently in 2014, GW Intech secured the ePBT 2.0 redevelopment project to convert the client server based ePBT system to a web-based version of the ePBT 2.0. GW Intech currently has several maintenance contracts with Majlis Bandaraya Alor Setar, Majlis Perbandaran Kuala Kangsar, Majlis Perbandaran Manjung, Majlis Perbandaran Langkawi Bandaraya Pelancongan and Majlis Daerah Kerian, to name a few.

The ePBT system is a financial application system developed for local authorities to collect and make payments for local services accounts such as assessment tax, rental of business premises and compounds. Today, the ePBT 2.0 system is deployed by over 50 local authorities, mainly in Perak, Negeri Sembilan, Kelantan, Kedah and Pahang.

Ameer Shaik Mydin, group managing director of Censof said, “We are pleased to welcome GW Intech as part of Censof’s group of companies. GW Intech is a growing company and we recognised the prospects GW Intech will bring to our Group. This acquisition will essentially strengthen Censof’s dominant position in the local government front by providing innovative and digital financial management solutions to the ‘rakyat’. With Censof’s strengths in digitising the government services, I believe we can grow this business to provide smart government solutions to the local government. This acquisition is a win-win for Censof and GW Intech where we will be able to capitalise on each other’s expertise, in addition to increase the number of government agencies in compliance with the SAGA system application criteria provided under Censof’s financial management solutions, from our current clientele of over 90 agencies to over 140 agencies. This acquisition will undoubtedly improve our earnings in the near future.”

He further added, “Conforming with the 12^th Malaysia Plan and the MyDigital blueprint focusing on digitalisation of the public sector and the micro, small and medium enterprises, we are committed to fuel digital transformation through innovative technologies. As one of the market leaders of the digital-driven industry, we have continuously collaborated with the home-grown companies to expedite the transformation, which is also in tandem with the government’s initiative. We look forward to work closely with GW Intech’s team who shares our vision and aspiration to further innovate and digitalise our solutions to create a significant impact to the industry and the nation.”

Kuala Lumpur, 10 February 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, is pleased to announce that the Group has received the Letter of Award from SME Corporation Malaysia (“SME Corp”) for the “Perkhidmatan Projek Pembangunan Platform SME Rating & Accreditation Fasa I SME Corp Malaysia” contract through its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd.

The contract, valued at RM7.3 million, involves the building of an integrated application system for Small and Medium Enterprises (“SME”) Rating and Accreditation phase 1 for SME Corp (“the Project”). This includes the project management services, change management services, training services, development of application system leveraging blockchain and eKYC, development of mobile application, development of application-programming interface and the provision of database software, report and analysis software and cloud server services. This application system will be integrated with Companies Commission of Malaysia, SME Corp’s internal system, namely the SME Integrated Plan of Action System (SMEIPA), SME Central Incentives System (SCenic) and MyAssist System, as well as payment gateway providers in Malaysia.

The objective of the Project is to streamline the delivery system and increase the efficiency and productivity of SME Corp. All work processes will be automated, for instance, digital submission of documents. Payment processing can also be performed through this application system platform. Essentially, this Project will create a comprehensive integrated system with a centralised database that is equipped with the latest security features and technologies, such as blockchain and artificial intelligence and reduce manpower reliance in its scoring and accreditation process.

The contract is for a tenure of 45 months, commencing from 15 February 2022 to 14 November 2025.

“In this era of the fourth industrial revolution, it is imperative for us to accelerate the adoption of digitalisation, automating processes and transitioning to cloud platform. As such, we are extremely delighted to be given the avenue through this contract to further strengthen and expand our digital technology space within the rapidly growing Malaysian SME industry. Over the past few years, Censof has demonstrated its ability to provide innovative financial management solutions to the SME segment with its rapidly growing annual subscribers,” said group managing director of Censof, Ameer Shaik Mydin.

He further added, “This marks Censof’s position and role as a rating and accreditation system provider to SME Corp, providing the entire process from front to back end digitally that will benefit Malaysia’s SME industry in line with RMK-12 Plans that was laid out by the government. We foresee this contract will enhance and improve the SME space that Censof is heavily embedded in by churning and providing accurate digitalised SME ratings and scores efficiently and timely to determine the competitiveness and capabilities of the SMEs. With this said, we hope that this Project will encourage more SMEs to venture into high-technology and innovative driven industries. The prospects and potential of this contract are endless and beyond its contract value for Censof as there are ample opportunities and ideas that can be explored upon its implementation.”

Key Highlights

• Year-on-year, PBT increased by 12.1% to RM3.4 million.
• Year-on-year, PATAMI grew by 31.0% to RM2.6 million.
• Quarter-on-quarter PBT up by 13.5%.
• Quarter-on-quarter, PATAMI rose by 25.1%.
• 9MFY2022 revenue surged by 18.7%.
• Contribution from new business segment, Digital Technology accounted for almost 18% of Censof’s PBT.

KUALA LUMPUR, Feb 8 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, reported its third quarter results for the financial year ending 31 March 2022 (“Q3FY2022”) on 7 February 2022.

Censof recorded a profit before tax (“PBT”) and profit after tax and minority interest (“PATAMI”) of RM3.4 million and RM2.6 million respectively, an improvement of 12.1% and 31.0%, against the RM3.0 million and RM2.0 million generated a year ago. These were achieved on the back of a revenue of RM21.3 million.

The improvement in PBT primarily came from higher profits from the Financial Management Solutions – Government segment with a PBT of RM2.4 million, up by 70.6% year-on-year and the contribution from Digital Technology, being the Group’s new business segment, with a PBT of RM0.6 million. Correspondingly, earnings per share worked out to 0.48 sen.

Quarter-on-quarter, PBT was up 13.5%, as compared to the preceding quarter’s RM3.0 million. Similarly, PATAMI rose 25.1%, in comparison to last quarter’s RM2.1 million.

For the cumulative nine months’ period (“9MFY2022”), revenue increased by 18.7% to RM65.2 million from RM55.0 million in previous year’s corresponding period (“9MFY2021”). Despite the higher revenue, PBT was lower at RM9.0 million against 9MFY2021’s RM16.2 million. This was mainly due to the recognition of non-recurring gain on disposal and gain on fair value adjustment of short-term investment of RM2.1 million and RM9.4 million respectively in 9MFY2021. Stripping out the two extraordinary items, 9MFY2022’s PBT would have been 87.5% higher, in contrast to the 9MFY2021’s adjusted PBT of RM4.8 million.

Censof’s financial position as at 31 December 2021 remained healthy with cash and bank balances, including fixed deposit and money market funds of RM27.3 million. Net assets per share attributable to ordinary equity holders of the company was 16.26 sen.

“Censof’s third quarter financial performance has demonstrated a great momentum as we continue to stride till the end of our financial year. We have been making significant progress in our plans to capitalise on the industry’s appetite in the adoption of digitalisation by the government and commercial sectors. We have been making progress by laying out the foundation to enhance the digital technology market though our joint venture with Cloocus Co. Ltd to develop and operate Microsoft’s cloud management in Malaysia. During the quarter, we successfully secured an ‘iPayment’ contract worth RM13.5 million to facilitate cashless payments and collections for all government services by 2022.

Over the past few months, the Group has undergone various exciting and positive developments. Our recent acquisition of the 51% equity stake in Cognitive Consulting Sdn Bhd has proven our commitment to grow our Digital Technology segment. As such, I am extremely optimistic of the Group’s prospects with our list of upcoming plans and developments at hand, while we continue to explore other investment opportunities and our innovation in digital technologies and solutions via strategic alliances and to expand on our technical competencies and supply chain capabilities,” said group managing director of Censof, Ameer Shaik Mydin.