The firm said that its Q1 net profit had increased 78 percent to INR2.41bn because of a write-back. Without the write-back, the firm would have reported a loss of INR7.50bn.
BI360's web-based budgeting provides direct write-back to Microsoft Dynamics GP, with plans to develop more write-back integrations for other ERP systems.
In FY June 2013, Hong Leong Islamic recorded MYR 54 million of write-backs on its financing impairment charges (FY June 2012: MYR 79 million of impairment charges), underscored by better recoveries and a write-back on collective assessment allowance given its healthier financing portfolio.
However, total pre-tax profit for the year to September 30 will exceed this guidance, taking into account a pounds 11m one-off benefit from the write-back of the investment in The Airline Group Ltd.
The pervasive use of write-back caching and the high cost of NVRAM-based board solutions negatively impacts the reliability and price advantages of the ATA platform, introducing the possibility of corruption and data loss and negating much of the cost benefit for the enterprise user.