Ellipsiz net profit for the year more than halves

SINGAPORE - Net profit at the mainboard-listed Ellipsiz, a probe card and distribution and services solutions provider, was down 51 per cent to S$6.7 million for the financial year ended June 30.

Revenue was down 22 per cent to S$112.5 million for the year, due to the divestment of its facilities and communication activities in the fourth quarter.

Earnings per share was down from 2.44 cents in 2014 to 1.20 cents for this year.

Net asset value was 21.80 cents at June 30, up from 21.13 cents a year back.

A final cash dividend of 0.20 cents a share and final special cash dividend of 0.20 cents a share was proposed, compared with final cash and special cash dividends totalling 0.36 cents a share a year back.

Ellipsiz shares closed down 0.5 cents to 9.3 cents on Tuesday. The results were posted after markets closed.