Aztech Group has reported FY2020 ended December 2020 earnings of $55.7 million, representing 18.1% growth y-o-y from $47.2 million previously, translating to earnings per share of 9 cents from 7.62 cents previously.

The higher earnings follow higher revenue for the year, which grew 12.9% y-o-y to $484.3 million, with almost half of that attributable to 4QFY2020, which garnered $222 million in revenue. 

Aztech says the better 4Q performance was driven by higher production volume and shipment of Internet of Things (IoT) and data-communication products. For the full year, revenue from IoT and data-communication products grew by 46.3% y-o-y to $428.1 million. 

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