KUALA LUMPUR: Investment holding company Censof Holdings Bhd (Censof Holdings), which chalked up a revenue of RM44.8 million last year, expects to increase revenue by 20 per cent for the financial year ending Dec 31, 2013, driven by its ongoing and existing projects.
Group managing director Datuk Samsul Husin said the company had secured multiple projects such as Outcome-Based Budgeting from the Ministry of Finance and from the Social Security Organisation (Perkeso) worth RM22.5 million and RM33.08 million respectively.
“We are confident of achieving a better performance this year based on market developments and business trends,” he told reporters after the company’s fifth annual general meeting here yesterday.
Last year the company, which provides and develops business solutions as well as online payment solutions, surpassed the 2011 revenue of RM43.43 million by 3.3 per cent.
Apart from these projects, the group has also clinched a contract from the Inland Revenue Board (LHDN) worth a total of RM5.6 million for the maintenance of SAGA Century and its related hardware.
Samsul said other than these big projects, the company is also keen on undertaking smaller contracts to help sustain its financial performance.
Asked on its plan to expand into other regions, Samsul said the company is always on the lookout for joint ventures and acqusitions as this year its subsidiary Century Software Sdn Bhd has signed an MoU with Estemarat Service Limited Liability Co to explore business opportunities in the United Arab Emirates, Middle East and Africa.
“As we are looking forward to regional and international expansion, we expect our Malaysia market to contribute more to the group as our majority clients are Malaysian companies,” he said.
Censof Holdings to date has 80 clients in Malaysia both from the private and government sectors. — Bernama