Memtech International Ltd. announced unaudited group earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of USD 46,458,000 against USD 37,088,000 a year ago. Other operating income was USD 508,000 against USD 523,000 a year ago. Profit before tax was USD 3,335,000 against USD 1,703,000 a year ago. Profit for the period attributable to owners of the company was USD 3,081,000 or 2.2 cents diluted per share against USD 1,620,000 or 1.1 cents diluted per share a year ago. Net cash generated from operating activities was USD 3,852,000 against USD 3,072,000 a year ago. Purchases of property, plant and equipment was USD 4,561,000 against USD 2,057,000 a year ago.

For the nine months, the company reported revenue of USD 111,072,000 against USD 104,013,000 a year ago. The growth was primarily due to the increase in sales from the consumer electronics segment which grew from 29% of sales in the third quarter of 2015 to 40% in the third quarter of 2016. Other operating income was USD 1,119,000 against USD 941,000 a year ago. Profit before tax was USD 2,876,000 against USD 4,578,000 a year ago. Profit for the period attributable to owners of the company was USD 2,250,000 or 1.6 cents diluted per share against USD 4,326,000 or 3.1 cents diluted per share a year ago. Net cash generated from operating activities was USD 10,269,000 against USD 6,908,000 a year ago. Purchases of property, plant and equipment was USD 8,928,000 against USD 6,690,000 a year ago.

The group remains cautiously optimistic of its performance in the fourth quarter of 2016 and the company will see an improvement in the group's overall performance.