Home THE DAILY EDGE Business Aztech Group records 26% rise in net profit to $15.4m
Aztech Group records 26% rise in net profit to $15.4m

Tags: Aztech Group

Written by The Edge   
Monday, 08 February 2010 18:46
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Aztech Group says it posted a 26% rise in net profit to $15.4 million in FY 2009 from $12.2 million in FY 2008 although revenue increased marginally at 1.4% to $280 million.

Revenue for the Electronics division increased to $45.4 million in 4Q 2009 from $43.7 million in 3Q 2009 as it horizontally expanded into the design and manufacture of eco-friendly, energy saving LED lighting products in 4Q 2009.

In the broadband and home networking product category, Aztech continues to innovate new products especially for the Fiber-To-The-Home (FTTH) market with an upcoming GPON Optical Network Terminal (ONT) device for lightning-fast speed up to 1,000Mbps or 1Gbps.

Aztech also designed the 200Mbps HomePlug AV Ethernet Adaptor (Aztech HL110E) and the 85Mbps Turbo Ethernet Adaptor (Aztech HL106E).

The Materials Supply and Marine Logistics divisions of the group were able to complete the contractual delivery schedule obligations and recorded revenue of $99.7 million and added $7.1 million profit to the group in FY 2009.

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Last Updated on Monday, 08 February 2010 18:47