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Aztech 3Q continues to show growth

Vincent Chia
Aztech 3Q continues to show growth

Aztech Group Limited announced its 3Q results. 9M Revenue was up 59.5% year-on-year to $252.08 million while 9M NPAT was up 60.6% year-on-year to $5.5 million. The results were attributed to continued revenue growth in their Electronics and Materials Supply & Marine Logistics business. The Electronics business growth was largely due to an increase in contract manufacturing services from a Fortune 500 customer. The results were also achieved despite a 3.6% quarter-on-quarter fall in gross profit margin. This was mitigated by productivity and cost optimisation. Going forward, Aztech is in a healthy financial position. It has also recently completed the acquisition of a shipyard to strengthen its marine logistics capabilities.

GET TO THE POINT : Looks like Aztech has been busy reinforcing its businesses with acquisitions as it continues to grow its financials.

(Picture from Aztech Group Limited)

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