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Spindex records FY2021 earnings of $21.3 mil, up 74.5%

The Edge Singapore
The Edge Singapore8/24/2021 9:44 PM GMT+08  • 1 min read
Spindex records FY2021 earnings of $21.3 mil, up 74.5%
The company plans to pay a dividend of 4.5 cents, up from 2.8 cents paid for FY2020
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Precision parts maker Spindex Industries has reported earnings of $21.3 million for the full year ended June 30, up 74.5%.

Revenue in the same period was up 37%y-o-y to $204.9 million, due to higher demand for office equipment, domestic appliances and hobby-related equipment.

“Actual as well as potential Covid-19 related disruptions to the global supply chain have continued to result in some forward stocking of components,” the company notes.

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