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Serial System's 2HFY2021 earnings up 12% to US$5.3 mil

The Edge Singapore
The Edge Singapore2/23/2022 11:55 PM GMT+08  • 1 min read
Serial System's 2HFY2021 earnings up 12% to US$5.3 mil
The company's turnaround is yet to complete
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Distributor Serial System has reported earnings of US$5.3 million for 2HFY2021 ended Dec 2021, up 12% y-o-y.

Revenue in the same period was up 10% to US$457.6 million, as the company enjoys better business from both a larger customer and supplier base.

For whole of FY2021, the company reported earnings of US$11.1 million, up 4,168% over the preceding FY2020.

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