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Sunright full-year earnings surge more than sixfold on booming automotive market

Samantha Chiew
Samantha Chiew9/22/2017 05:50 PM GMT+08  • 2 min read
Sunright full-year earnings surge more than sixfold on booming automotive market
SINGAPORE (Sept 22): Sunright, the provider of burn-in and test services for semiconductors and electronic components, reported earnings surged more than sixfold to $9.25 million in FY17 compared to $1.39 million in FY16.
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SINGAPORE (Sept 22): Sunright, the provider of burn-in and test services for semiconductors and electronic components, reported earnings surged more than sixfold to $9.25 million in FY17 compared to $1.39 million in FY16.

In the 12 months ended July, revenue rose 14% to $148 million from $129 million the previous year, powered by growth in the automotive market which resulted in higher revenue in the burn-in, testing and electronic manufacturing services segment.

Raw materials and consumables used, as well as changes in inventories of finished goods and work-in-progress for FY17, increased 15% to $34.6 million from $30 million the same period last year to support the group’s increase in sales.

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