CEI Contract Manufacturing, which makes a wide range of products including medical and semi-conductor equipment, posted earnings of $10.8 million for FY2015, a 110.5% increase from the previous year.
Revenue rose 9.1% to $132.3 million.
General and administrative costs decreased for the year due to a swing from fair value loss in FY2014 to fair value gain in FY2015 on forward currency contracts and generally lower expenses as the group embarked on cost-control measures.
As end-December 2015, the group had $49 million worth of orders, and most would be fulfilled in FY2016. The group expects to remain profitable this year.
CEI ended lower 1% at 49.5 cents on Monday.
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Revenue rose 9.1% to $132.3 million.
General and administrative costs decreased for the year due to a swing from fair value loss in FY2014 to fair value gain in FY2015 on forward currency contracts and generally lower expenses as the group embarked on cost-control measures.
As end-December 2015, the group had $49 million worth of orders, and most would be fulfilled in FY2016. The group expects to remain profitable this year.
CEI ended lower 1% at 49.5 cents on Monday.
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