FIN 0.00% $1.13 finzsoft solutions limited

Ann: FLLYR: FIN: Finzsoft FY15 Annual Results

  1. lightbulb Created with Sketch. 2
    					FIN
    29/05/2015 17:04
    FLLYR
    PRICE SENSITIVE
    REL: 1704 HRS Finzsoft Solutions Limited
    
    FLLYR: FIN: Finzsoft FY15 Annual Results
    
    29 May 2015
    
    Announcement
    
    FINZSOFT ANNOUNCES RECORD EARNINGS
    
    The Directors of Finzsoft Solutions Limited are pleased to report on the
    Group's performance for the 12 months ended 31 March 2015.
    
    Finzsoft Group reports net profit after tax rose to $2.7m from $754,549 in
    2014, a 255.5% increase. Revenue for the period rose 108% to $19.6 million
    from $9.4 million in 2014.
    
    The result reflects Finzsoft's continued expansion with the acquisition of
    Sush Mobile in the second quarter and a growing Australian operation.
    
    Finzsoft Managing Director Andrew Holliday says: "We've had an outstanding
    year with profitable growth off the back of a robust order book.  Our focused
    efforts in Australia are paying off with further material work orders from
    our long-term client St George Bank and a growing awareness of our solutions
    amongst Tier One organisations in the region.
    
    "With Sush Mobile's next generation capability, we will continue to support
    our team with an expanded product offering that clearly differentiates
    Finzsoft as a leading provider of transformational products for the banking
    and finance sector," says Holliday.
    
    In 2014 Finzsoft Group undertook a review of its capital structure which
    resulted in Silverlake Axis Group (SAG) becoming a major shareholder in the
    fourth quarter.
    
    Andrew Holliday says that the Group is already leveraging the relationship
    with its new cornerstone shareholder: "As part of SAG, Finzsoft has access to
    an established network of Tier One clients throughout the ASEAN region. We
    are encouraged by the opportunities that SAG has presented so far and the
    future of the business with SAG at our side."
    
    In October, Finzsoft Group and SAG will host SAG's clients in Queenstown for
    the annual Silverlake Axis Group Client Summit. Over 120 representatives from
    top tier financial service organisations across Asia Pacific are expected to
    attend.
    
    -ends -
    
    About Finzsoft:
    Finzsoft Group, a Silverlake Axis Group Company, creates innovative,
    transformational products and services designed around the people that use
    them. Since its launch over 25 years ago, the company has provided financial
    software and solutions for banks and financial institutions in Australasia.
    Finzsoft has offices in Singapore, Malaysia, Australia and Auckland and
    employs over 90 people.
    
    About Silverlake Axis Ltd (5CP.SI)
    Silverlake Axis Ltd (SAL) is a leading provider of digital economy solutions
    and services for major organisations in Banking, Insurance, Payments, Retail
    and Logistics industries. 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
    largest banks in South East Asia. SAL has a 25-year track record of
    successfully delivering proven Financial Institution Class Core Software and
    is the core system platform partner of choice for 3 of the 5 largest ASEAN
    super regional financial institutions.
    
    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.
    
    SAL's Founder and Executive Chairman, Mr Goh Peng Ooi, is a highly regarded
    information technology visionary and entrepreneur who was recently named
    Ernst & Young Master Entrepreneur of the Year 2014 Malaysia.
    -----------------------------------------------------------------------------
    ---------
    For more information please contact:
    Andrew Holliday
    Managing Director
    Finzsoft Solutions Ltd
    Mobile: 021 355 492
    Email: [email protected]
    End CA:00265045 For:FIN    Type:FLLYR      Time:2015-05-29 17:04:18
    				
 
watchlist Created with Sketch. Add FIN (NZSX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.