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Trek 2000's Q4 profit more than trebles to US$1m

TECHNOLOGY company Trek 2000 International on Tuesday posted a 152.7 per cent rise in net profit to US$2.5 million for its full year ended Dec 31, 2014, thanks to increased demand for sales of FluCard and Wi-Fi memory modules.

The company, best known for inventing the ThumbDrive, said profit after tax for its fourth quarter rose 233.3 per cent to US$1 million from a year ago.

Earnings per share was 0.25 US cent for the fourth quarter, and 0.86 US cent for the full year.

Revenue for the quarter was up 47.1 per cent year-on-year to US$35.9 million. For the full year, revenue grew 52.8 per cent to US$112.9 million.

Trek closed at S$0.345 on Tuesday, down three cents, before the results were released.