Trek: Records Turnaround In Net Profit To US$0.4 Million For 1QFY2021.14 May 2021 10:44
Revenue declines marginally by 5.6% yoy to US$8.1 million for 1QFY2021 despite the competitive market environment and supply chain challenges amid the COVID-19 pandemic. Core operations continues to generate positive operating cash flows of US$3.3 million for 1QFY2021, bolstering balance sheet strength with cash and cash equivalents, and quoted and unquoted investments held for trading totalling US$36.9 million. Leveraging on its R&D capabilities and established track record, the Group is well-positioned to capture the growing demand for innovative solutions in the 5G, artificial intelligence and renewable energy markets...
Source: ShareInvestor Express