Product mix change lifts Ellipsiz Q3

Third-quarter profit more than doubles to S$1.24m despite a 22% fall in revenue to S$25.64m

Published Mon, May 4, 2015 · 09:50 PM


SEMICONDUCTOR testing firm Ellipsiz, which was in the news last month when the managing director of Lum Chang Holdings David Lum Kok Seng made a big investment in the company, more than doubled its net profit for its third quarter ended March 31, to S$1.24 million from S$555,000 a year ago. This 123 per cent jump in net profit happened despite a 22 per cent fall in revenue to S$25.64 million from S$33.01 million in the third quarter of fiscal 2014.

For the three months, gross profit was S$9.53 million, up 5 per cent from S$9.05 million one year ago. A change in product mix resulted in better gross profit margins. Earnings per share (EPS) were 0.22 Singapore cent, up from 0.10 Singapore cent one year ago.

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