KUALA LUMPUR: Information technology solutions provider Censof Holdings Bhd is optimistic that it will return to the black by its current financial year ending March 31, 2017. Last month, Censof disposed of a 7.3% stake in its associate DNeX and its entire 19.6% holding of warrants for RM32.3mil. Ameer said half of the company’s earnings currently were from government contracts. The majority of the company’s earnings came from its domestic operations, which accounted for about 60% of its top line. The company had also partnered with a leading cloud-based financial company from the United States to develop cloud-based enterprise resource planning solutions for the Government and private sectors.

Source: The Star September 21, 2016 00:41 UTC