Cheung Woh swings back to black

Singapore

CHEUNG Woh Technologies posted on Monday a net profit of S$3.3 million for its fourth quarter ended Feb 28, 2015, rebounding from its S$646,000 loss a year ago.

Revenue for the quarter doubled from S$13.1 million to S$27.2 million, boosted mainly by higher sales in HDD components.

Compared to the previous year, sales in the HDD components segment surged by 72 per cent or about S$31.1 million, largely due to higher custo…