Sunright returns to profitability in Q2

SINGAPORE - Mainboard-listed Singapore-based firm Sunright is back in the black, starting the year on a positive note.

The firm, which provides services to the semiconductor industry, reported on Friday that net profit for the second quarter rose to $1.8 million from $500,000 a year ago.

Turnover for the three months to Jan 31 rose 5 per cent to $70.7 million.

Sunright's chief executive Sam Lim said in a statement that the improved revenue was mostly driven by higher demands for its products and services.

"We are seeing increasing volumes for burn-in and test activities in Malaysia and China. In particular, our customers in the auto-electronics segment are enjoying healthy growth," he said.

Mr Lim said that after the holiday season, worldwide equipment sales have begun showing momentum, a positive trend as the industry is expecting growth this year.

Earnings per share for the quarter was 1.4 cents, reversing from a loss of half a cent previously, while net asset value per share was 58.3 cents as at Jan 31, slightly down from 58.4 cents as at July 31 last year.