Bull Will

Serial System group CEO called upon again for Bull Will-linked investigations in Taiwan

SINGAPORE (Sept 13): For the second time, Serial System’s executive chairman and group CEO Derek Goh has asked by the Investigation Bureau, Ministry of Justice of Taiwan to personally assist in an ongoing investigation regarding its 19.02%-owned subsidiary, Bull Will.

Serial System posts 91% lower 4Q earnings of US$0.4 mil

SINGAPORE (Feb 26): Serial System on Saturday announced FY17 earnings of US$9.6 million ($12.6 million), double its full year earnings of US$4.6 million posted a year ago.

The stronger bottomline came on the back of an overall improvement in sales and profit margins as well as substantially smaller losses from associated companies.

The group has proposed a final dividend of 0.46 cent, which brings the total payout for FY17 to 0.75 cent compared to 0.35 cent a year ago.

Serial System swings back into profitability in 1Q with earnings of $3.8 mil

SINGAPORE (April 28): Serial System has announced earnings of US$2.7 million ($3.8 million) for the first quarter ended March 31, reversing from its loss of US$6.6 million in the same period a year ago as losses from associate companies shrank while allowances for obsolete inventory fell.

This brings the electronic components distributor’s fully diluted earnings per share (EPS) to 30 US cents for 1Q, as compared to a loss per share of 73 US cent in the previous year.

Serial System’s 4Q earnings quadruple to $5.7 mil on one-off gain and higher income

SINGAPORE (Feb 22): Serial System has announced earnings of US$4 million ($5.7 million) for the fourth quarter ended Dec 31, four times more than a year ago.

As such, earnings per share (EPS) for the quarter increased to 0.45 US cent from 0.11 US cent for 4Q2015.

In a Wednesday statement, the distributor of electronic components and consumer products says its earnings for the quarter were helped by a gain from the disposal of available‐for‐sale financial assets, as well as by higher office rental income, finance income, commission income and product rebates.

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