The Group’s revenue for 9MFY2016 increased by 6.8% to US$111.1 million from US$104 million, while that for 3Q2016 increased 25.3% from US$37.1 million to US$46.5 million. The growth was primarily due to the increase in sales from the consumer electronics segment which grew from 29% of sales in 3Q2015 to 40% in 3Q2016. During the period, we also see improvements in our other 3 segments.
Listed on the Mainboard of the Singapore Securities Exchange Trading Limited (SGX-ST), Memtech International Ltd. is a global components solution provider working with our partners in the business of Automotive Components, Industrial and Medical, Mobile Communications and Consumer Digital devices. Memtech is a Singapore-based company with three manufacturing sites in Dongguan, Kunshan and Nantongin China. Besides a widenetwork of sales and engineering offices in China, Memtech has offices in Germany, Japan, U.S.A and Taiwan to support their global reach of products and services. Memtech serves major automotive suppliers such as Hella, Magna, Lear, Denso and Kostal, and provides solutions to major car manufacturers like Volkswagen, GM and most recently, Tesla. In the other business segments, Memtech has long-term customer relationships with Huawei, Lenovo, Samsung and Netgear, and has also worked with leading manufacturers including Foxconn and Celestica.
SGX Mainboard listed Memtech International Ltd. (“万德国际集团”, “Memtech” or collectively with its subsidiaries, the “Group”) today announced its financial results for the fourth quarter (“4Q2015”) and full year (“FY2015”) ended 31 December 2015.
SGX Mainboard listed Memtech International Ltd. today announced its financial results for the three months (“3Q2015”) and nine months ended 30 September 2015 (“9M2015”)