Sunright Limited says it closed the financial year ended 31 July 2010 (FY2010) with a net profit of $6.2 million, as compared to a net loss of S$7.0 million in the last financial year (FY2009).

Group turnover increased by 52% to $124.2 million from $81.6 million last year. Revenue also jumped by 73% to $74.1 million this year, from $42.8 million last year.

According to the leading industry indicator, the worldwide semiconductor revenue is expected to grow by 31.5%, to reach US$300 billion ($398.6 billion) in 2010. It is expected to grow, albeit at a slower pace, with revenue reaching US$314 billion in 2011.

These forecasts augur well for the group, says Sunright.