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Aztech Group posts jump in Q1 net profit as revenue nearly doubles

Published on Apr 23, 2014 10:06 AM

SINGAPORE - Electronics firm Aztech Group has increased its first-quarter earnings more than four times due to higher revenue and more efficient operations.

Net profit in the first three months of the year climbed 423.4 per cent to $1.68 million, the group said on Wednesday.

This came on the back of a near-doubling in revenue to $85.6 million over the same period, as Aztech executed two contracts for the supply of infrastructure materials and sold more data communication products.

Earnings per share also jumped to 35 cents in the first quarter from seven cents last year.

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