Finzsoft sinks into the red as first-half revenue tumbles 28%

Thu, 01 Mar 2018

By Paul McBeth March 2 (BusinessDesk) - Finzsoft Solutions sank into the red in the first half as revenue dropped by almost a third, saying the timing of its licence fees is variable and that it continues to trade well. The Auckland-based financial service software developer, controlled by Singapore-listed Silverlake Axis Group, reported a loss of $358,000, or 4.06 cents per share, in the six months ended Dec. 31, compared to a profit of $2 million, or 22.12 cents, a year earlier. Revenue dropped 28 percent to $7.4 million, while costs g...

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