Beyonics Technology, one of the leading integrated manufacturing services providers, reported net profit of $4.2 million on revenue of $397.4 million for the three months ended 31 January 2010 (Q2 FY10).

Revenue icreased 18.9% to $397.4 million compared to the corresponding period of the preceding financial year (2QFY09). This was attributable to the improvement in general economic and business environment which resulted in improved orders from our customers.

Revenue from the Electronics Manufacturing Services (EMS) and Precision Engineering Services (PES) divisions increased by 16.2% to $358 million and 50.2% to $39.3 million respectively in Q2 FY10 compared to Q2 FY09.

Gross profit increased by 100.5% to S$11.2 million due to higher revenue and manufacturing capacity utilization. Gross profit margin for Q2 FY10 was also higher at 2.8% compared to 1.7% in Q2 FY09 due to better product mix and the recovering hard disk drive industry.

Overall, the group’s profit attributable to equity holders of the company increased by 995.8% to $4.2 million in 2QFY10 compared to 2QFY09.

EPS for Q2 FY10 increased to 0.78 cents from 0.07 cents for Q2 FY09.

Inventories, trade debtors and trade creditors balances were higher as a result of higher manufacturing activities in January 2010.

The lower bank borrowings as at 31 January 2010 was a result of partial repayment of bank loans.