Buoyed by higher revenue, gross profit rose 10% to RM337.1 million. With increased
contribution from higher margin maintenance and enhancement services, gross margin
improved from 61% in FY2014 to 65% in FY2015. During the year, other income was boosted
by an accounting gain of RM19.2 million on dilution of interest in GIT following its IPO in China
as well as higher net foreign currency gain from the appreciation of the Singapore dollar and US
dollar against Malaysian Ringgit. Besides additional selling and distribution costs to support
marketing and research activities, the Group incurred higher administrative expenses due to a
charge of RM12.2 million on share awards granted pursuant to the SAL Performance Share
Plan, increased manpower costs and higher professional fees. The Group recorded a lower
share of profit of associates and joint venture with a reduced contribution from GIT and share of
losses and provisional amortisation of intangibles at Silverlake HGH Limited Group. Despite
higher expenses, net profit attributable to shareholders still grew by 14% to RM282.7 million.
In Q4 FY2015, although group revenue decreased 8% to RM126.4 million, net profit attributable
to shareholders was marginally higher by 1% at RM74.7 million.
The Board has proposed a fourth and final dividend of Singapore cents 1.2 per share. The
Group issued 1 bonus share for every 5 existing ordinary shares on 8 July 2015 and these
bonus shares are entitled to the proposed final dividend. Together with the interim dividends,
total dividends for the financial year amounted to Singapore cents 4.2 per share. Because of the
bonus shares, existing shareholders would have received the equivalent of Singapore cents
4.44 per share in FY2015 compared to 4.50 cents per share in FY2014 (which included a
special dividend of Singapore cent 0.6 per share).
The Group will continue to pursue business opportunities in Asia by capitalising on the
consolidation, revenue enhancement and cost management activities among financial
institutions in the region as well as banks investing in new digital and mobile banking initiatives
to compete for customers
Besides extending business footprints to new markets, the Group is open to suitable acquisition
opportunities and will invest selectively in new software solutions and services that complement
the Group’s current offerings. “While we work on business expansion beyond the Southeast
Asian region, we will continue to prioritise the successful execution of existing software
implementation projects. It is important to maintain our excellent track record by delivering wellexecuted
contracts promptly. This will help to retain customers, lead to repeated business and
provide the Group with higher recurring revenue,” added Dr. Raymond Kwong.
This press release should be read in conjunction with SAL’s FY2015 results announcement
released on 24 August 2015 to the Singapore Exchange.
About Silverlake Axis
Silverlake Axis Ltd (SAL) is a leading provider of digital economy solutions and services for
major organisations in Banking and Financial Services, Insurance, Payments, Retail and
Logistics businesses. The Group's Silverlake Axis Software and Services Solutions are
delivering operational excellence and enabling business transformations at over 100
organisations across Asia, including 40% of the top 20 largest banks in South East Asia.
Under Axis Systems Holdings Limited, the Group was listed on the SGX-SESDAQ on 12 March
2003. It was renamed Silverlake Axis Ltd in 2006 following the acquisition of SAACIS, the
company that owns the Silverlake Integrated Banking Solution (SIBS) and the listing was
transferred to the Mainboard of the Singapore Exchange on 22 June 2011.
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