Serial System announced that its 3QFY2021 ended September recorded earnings of US$3.4 million, reversing from a loss of US$0.4 million in the same period a year ago.

This came on the back of a 13% y-o-y increase in sales to US$229.4 million from US$204.5 million a year ago, amid higher demand for semiconductors, particularly in China. Globally, the shortage of chips and related supply chain disruptions had affected manufacturing activity, which in turn led to some firms rushing to stockpile high-demand chips.

See also: Serial System raises $1.35 mil through placement of 9 mil shares

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