Techcomp (Holdings), the China manufacturer and distributor for analytical and life science instruments, posted a 139.4% year-on-year rise in net profit attributable to shareholders to US$7.4 million ($10.4 million) for the 12 months ended 31 December 2009 (FY2009).

Revenue increased 29.3% to US$104.8 million fuelled by Asia’s increasing demand for analytical and life science equipment.

In a separate announcement, Techcomp has also announced the acquisition of an 80% stake in Precisa Gravimetrics AG, a leading Swiss maker of analystical weighing and moisture analysers. The acquisition will cost the Group CHF 3.5 million ($4.6 million).

The group’s manufacturing segment grew 46.1% to US$19.9 million, outpacing the distribution segment’s growth of 25.9% to US$84.9 million. The group’s recent acquisition of the HCC Group (French company acquired in 2H2009), has also contributed to the top line growth.

The group’s higher margin manufacturing segment positively impacted its bottom line, with the profit before tax (PBT) margin of the segment increasing from 15.3% in FY2008 to 17.9% in FY2009.

This allowed the manufacturing segment to contribute 45.6% or US$3.6 million of the group’s PBT total of US$7.8 million. The distribution segment’s PBT margin also improved from 1.3% in FY2008 to 5.0% in FY2009 and the segment contributed 54.4% or US$ 4.3 million to the group’s PBT total.

Techcomp is recommending a first and final dividend of 1.2 cents and a 1-for-2 bonus share.