Ann: FLLYR: FIN: Finzsoft FY15 Annual Results

• Release Date: 29/05/15 17:04
• Summary: FLLYR: FIN: Finzsoft FY15 Annual Results
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					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.
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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