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Serial Q4 net up 52%, expects better 2015

Executive chairman reveals how he once passed up on Alibaba investment

Published Tue, Feb 17, 2015 · 09:50 PM

Singapore

ELECTRONICS components distributor Serial System forecast better financial performance in 2015 barring unforeseen circumstances, even as it reported a 52 per cent increase in net profit to US$4.6 million for its fourth quarter ended Dec 31, 2014, from US$3.1 million a year ago.

Revenue was up 23 per cent to US$267.7 million from US$216.8 million a year ago.

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