Semiconductor firm Sunright posts full-year net loss of $1.4 million

SINGAPORE - Semiconductor firm Sunright has posted a full-year net loss of S$1.4 million, widening from a net loss of S$293,000 the same period a year ago.

Revenue in the 12 months to July 31 fell 6 per cent to S$129.4 million from a year ago, on the back of lower sales in the distribution segment and the translation effect of a weaker Malaysian ringgit against the Singapore dollar.

This affected revenue from the burn-in, testing and electronic manufacturing services segment.

Yearly earnings per share was 1.1 cents, as compared with 2.6 cents a year ago, while net asset value per share was 57.3 cents as at July 31, from 58.8 cents as at July 31 last year.