For the half-year ended September 2014, Fischer Tech reported a 18.6% y-o-y increase to $81.6 million, mainly attributable to an increase in customers’ orders from all sectors with the exception of computer peripherals. Revenue from the automotive sector continued to register a high growth rate of 25.3% y-o-y to $62.5 million, underpinned by a higher volume of business from exist- ing customers. Revenue from the healthcare sector grew 8.3% y-o-y to $5.1 million, thanks to higher sales of plastic components to a major medical customer. Revenue from the consumer electronics and others sector inched up 1.8% y-o-y to $7.06 million. Mean- while, revenue from the computer peripherals sector registered a decline of 4.7% y-o-y to $6.9 million, dragged down by the loss of a customer. Earnings surged 108.4% y-o-y to $3.4 million as a result of higher revenue and improved margins. Gross profit margin improved from 17.1% to 18.5%, bolstered by improved efficiency and better utilisation of production capacity.
source: www.theedgemarkets.com
