Metech International's Q4 profit rockets to S$391,000 from loss in previous year
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SUCCESSFUL operational restructuring and diversification efforts that started three financial years ago helped boost results for Metech International Ltd in its fourth quarter, it said in a Singapore Exchange filing on Friday evening.
Net profit was S$391,000, a reversal from a net loss of S$2.2 million in the year-ago period, the leading e-waste management solutions provider said.
For the three months ended June 30, revenue leapt 304.2 per cent to S$41.6 million from the year-ago period.
Earnings per share came in at 0.0093 Singapore cent, a reversal from a loss per share of 0.0533 Singapore cent
in the year-ago period. Net asset value per share crept up to 0.25 Singapore cent as at June 30, from 0.23 Singapore cent a year ago.
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