Jubilee Industries pulls itself out of the red in H1 2018

IN line with higher revenue, Jubilee Industries Holdings swung into the black with a net profit of S$808,000 for the six months ended Sept 30, from a loss of S$2.68 million for the corresponding period a year ago.

Revenue grew by around 84 per cent year on year to S$87.48 million, on the back of its electronic components distribution segment.

Earnings per share came to 0.15 Singapore cent, compared to a loss per share of 0.77 cent a year ago.

Jubilee's non-executive chairman, Terence Tea, said: "Jubilee shall continue to push for higher volume of business in both our electronic and mechanical segment. For our mechanical segment, we will pursue growth both in terms of organic growth and through mergers and acquisitions."

"In our electronic segment, we intend to grow through obtaining new product lines and focus on higher margin products," he added.