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Memtech's 3Q earnings up 26.5% to $5.3 mil

Samantha Chiew
Samantha Chiew11/9/2017 7:31 PM GMT+08  • 2 min read
Memtech's 3Q earnings up 26.5% to $5.3 mil
SINGAPORE (Nov 9): Memtech International announced that its 3Q17 earnings increased 26.5% to US$3.90 million ($5.31 million) compared to US$3.08 million in 3Q16.
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SINGAPORE (Nov 9): Memtech International announced that its 3Q17 earnings increased 26.5% to US$3.90 million ($5.31 million) compared to US$3.08 million in 3Q16.

Revenue for the quarter decreased by 0.5% to US$46.2 million from US$46.5 million last year.

The group’s automotive segment saw a 17.3% y-o-y increase to US$20.3 million, while the industrial and medical segment grew 11.8% y-o-y to US$3.01 million.

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