Silverlake Axis

[shanrui_91]

31% increase in revenue and 41% increase in net profit. The recurring Maintainance and Enhancement service grows by 12%, of which it books MYR 40m in Q4 as compared to ~35m in the past few quarters. Final dividend of SGD 0.8 cents is declared, amounting to a total dividend of $0.019 in FY 2012, giving rise to a dividend yield of 4.8% based on current price of $0.395. Only MYR 63m in software licensing has been booked so far, which means that a large bulk of it has yet to come.

Further analysis to be done when the annual report is out

(vested)