KUALA LUMPUR: Censof Holdings Bhd
returned to profitability in the financial year ended March 31, 2021 with net profit of RM26.79mil compared with net losses of RM72.42mil in the previous year.
Censof, which focuses on financial management software solutions, said its revenue increased by 12.6% to RM87.69mil from RM77.86mil in FY20.
In a statement to Bursa Malaysia on Tuesday, it said the group recorded significant improvement in profit before taxation of RM29.75mil as compared to the significant losses of RM70.84mil a year ago.
The better performance was due to the gain on fair value adjustment on short-term investment of about RM16.19mil; fast track of project deliverables and contracts awarded.
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