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Ellipsiz 2Q earnings up threefold to $5.8 mil on disposal of subsidiary

Michelle Zhu
Michelle Zhu2/6/2018 06:23 PM GMT+08  • 1 min read
Ellipsiz 2Q earnings up threefold to $5.8 mil on disposal of subsidiary
SINGAPORE (Feb 6): Ellipsiz posted earnings of $5.8 million for the 2Q18, up more than threefold from its restated earnings of $1.7 million in 2Q17 due to a one-off gain from the disposal of its subsidiary.
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SINGAPORE (Feb 6): Ellipsiz posted earnings of $5.8 million for the 2Q18, up more than threefold from its restated earnings of $1.7 million in 2Q17 due to a one-off gain from the disposal of its subsidiary.

Revenue for 2Q18 grew 3% on-year to $10.5 million from $10.1 million previously, with higher contributions from across all geographical segments, particularly China.

A one-off $14.2 million gain on disposal of subsidiaries was recorded over the quarter after the sale of its wholly-owned subsidiary, SV Probe, under its probe card solutions segment for an estimated consideration of $90.7 million.

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