Product mix change lifts Ellipsiz Q3

Singapore

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.