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Silverlake net profits up 22% to $28.45m

Due to increased contribution from two segments.

Silverlake reported a better-than-expected 3QFY15, with revenue and NPAT growing 5% and 22% respectively.

According to RHB Group, this was mainly due to increased contribution from the higher-margin maintenance and enhancement segment as a result of more GST-related enhancement contracts from Malaysia.

On the other hand, forex gains from the SGD and USD appreciation resulted in other income surging to MYR5.1m from MYR0.3m in 3QFY14.

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