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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