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Serial System’s 4Q earnings quadruple to $5.7 mil on one-off gain and higher income

Michelle Zhu
Michelle Zhu2/22/2017 07:50 AM GMT+08  • 2 min read
Serial System’s 4Q earnings quadruple to $5.7 mil on one-off gain and higher income
SINGAPORE (Feb 22): Serial System has announced earnings of US$4 million ($5.7 million) for the fourth quarter ended Dec 31, four times more than a year ago.
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SINGAPORE (Feb 22): Serial System has announced earnings of US$4 million ($5.7 million) for the fourth quarter ended Dec 31, four times more than a year ago.

As such, earnings per share (EPS) for the quarter increased to 0.45 US cent from 0.11 US cent for 4Q2015.

In a Wednesday statement, the distributor of electronic components and consumer products says its earnings for the quarter were helped by a gain from the disposal of available‐for‐sale financial assets, as well as by higher office rental income, finance income, commission income and product rebates.

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