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MIT returns to profitability with a bang

Manufacturing Integration Technology 2Q achieves record Revenue and Profit

Manufacturing Integration Technology Limited announced its full year results. FY revenue was up 105% year-on-year to $64.3 million while FY NPAT was a turnaround from a loss of $6.5million to a profit of $10.2million. The results were attributed to all-round growth from its semiconductor, solar and contract equipment manufacturing business segments. Industry outlook in its Semiconductor and Solar equipment business segments are still strong for MIT. Its current orderbook for delivery in this financial year is $56 million. MIT had secured a $14 million of new orders in Jan to Feb 2015.

GET TO THE POINT : A company is doing well when all its business segments have grown and will still grow further. And when itsorderbook for the year has already hit 87% of last year’s revenue, then it will quite definitely have a great year.

(Picture from Manufacturing Integration Technology Limited)

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