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Serial System reports 85% rise in FY18 earnings to US$17.7 mil

PC Lee
PC Lee3/1/2019 07:47 AM GMT+08  • 3 min read
Serial System reports 85% rise in FY18 earnings to US$17.7 mil
SINGAPORE (March 1): Serial System, the distributor of electronic components and consumer products, reported FY18 earnings rose 85% to US$17.7 million ($23.9 million) from a year ago on higher revenues and margins while an asset sale yielded a one-time ga
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SINGAPORE (March 1): Serial System, the distributor of electronic components and consumer products, reported FY18 earnings rose 85% to US$17.7 million ($23.9 million) from a year ago on higher revenues and margins while an asset sale yielded a one-time gain.

The higher bottomline translates into fully diluted earnings per share of 1.97 US cents for FY18, compared to 1.07 US cent for FY17.

Revenue hit an all-time hight of US$1.53 billion in FY18 from a year ago with higher sales of electronic components, especially in Taiwan, South Korea and China, offsetting slightly lower contributions from consumer products distribution.

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