AZTECH GROUP LTD Press Release
FOR IMMEDIATE RELEASE Aztech Registers S$2.2 million Net Profit for 1H2015 SINGAPORE, 16 July 2015 - Singapore Exchange Mainboard-listed Aztech Group Ltd ("Aztech") announced its second quarter (2Q2015) and first half financial results (1H2015) ended 30 June 2015.
The Group registered a comparable turnover for both 2Q2015 and 1H2015 at S$84.0 million and S$169.6 million respectively. Revenue from Electronics segment grew 85.2% to S$156.1 million for 1H2015, which was offset by a decline in revenue from the Marine and Material Supply segment in the midst of a slowdown in marine and offshore market.
The Group's net profit was at S$1.0 million for 2Q2015 and S$2.2 million for 1H2015 with an improvement in EBITDA of S$9.4 million for 1H2015.
2Q2015 (S$'m) | 2Q2014 (S$'m) | Change (%) | 1H2015 (S$'m) | 1H2014 (S$'m) | Change (%) | |
Turnover | 84.0 | 87.2 | (3.7) | 169.6 | 172.8 | (1.8) |
Gross Profit | 7.9 | 8.9 | (11.3) | 15.7 | 17.6 | (10.7) |
GP Margin (%) | 9.4% | 10.2% | (0.8) | 9.3% | 10.2% | (0.9) |
EBITDA | 4.8 | 4.7 | 3.3 | 9.4 | 8.7 | 8.0 |
Net Profit after Tax | 1.0 | 1.8 | (44.7) | 2.2 | 3.5 | (36.4) |
Net Profit Margin (%) | 1.2% | 2.0% | (0.8) | 1.3% | 2.0% | (0.7) |
Earnings Per Share (cents) | 2.06 cts | 3.72 cts | (44.6) | 4.56 cts | 7.18 cts | (36.5) |
The overall financial position of the Group remained healthy with current ratio of 1.2 and cash and bank balances of S$31.5 million.
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Headquarters
AZTECH GROUP LTDCompany Reg. No 198601642R
31 Ubi Road 1, #09-01, Singapore 408694.
Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com
Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town,
Dong Guan City, Guang Dong Province, China
Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138
Media Contact:Jesmine Ong
DID: (65) 6594 2276
Email: jesmine.ong@aztech.com
About Aztech Group Ltd. ("Aztech")
Incorporated in 1986 and listed on the Main Board of the Singapore Exchange, Aztech is a dynamic international group with key activities in Electronics and LED Lighting Design & Manufacturing, Materials Supply, Marine Logistics and Food Business. The Group operates in seven countries over three continents.
For more information, please visit www.aztech-group.com
Headquarters
AZTECH GROUP LTDCompany Reg. No 198601642R
31 Ubi Road 1, #09-01, Singapore 408694.
Tel: (65) 6594 2288, Fax: (65) 6749 1198, www.aztech-group.com
Factory AZTECH COMMUNICATION DEVICE (DG) LTD Jiu Jiang Shui Village, Chang Ping Town,
Dong Guan City, Guang Dong Province, China
Tel: (86)(769) 8393-6688, Fax: (86)(769) 8393-1138
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