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InnoTek swings back to profitability in 3Q

Jude Chan
Jude Chan11/14/2016 07:27 PM GMT+08  • 2 min read
InnoTek swings back to profitability in 3Q
SINGAPORE (Nov 14): Precision metal components manufacturer InnoTek has recorded earnings of $5.0 million in 3Q16, reversing out of a loss of $3.5 million in the same quarter last year.
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SINGAPORE (Nov 14): Precision metal components manufacturer InnoTek has recorded earnings of $5.0 million in 3Q16, reversing out of a loss of $3.5 million in the same quarter last year.

In a filing to SGX on Monday, InnoTek says this is the “second consecutive quarter of profitability following operational improvements under a new management leadership”.

Revenue fell 4.8% to $55.8 million in 3Q16, from $58.6 million in the same quarter last year.

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