The Imaging/Printing product sector revenue grew 7% from US$26.3 million in 1HFY13 to
US$28.2 million in 1HFY14, mainly driven by new programme wins in office automation
products and higher sales of printer products in China.
Supported by new record high tooling sales and new programme launches for healthcare and
life sciences products, the “Others” product sector, which includes tooling, moulds and dies as
well as products for personal healthcare, medical and life sciences industries, posted significant
revenue growth of 19% in 1HFY14.
Notwithstanding the foregoing, the Group’s revenue growth was partially offset by revenue
declines in the Mass Storage and Consumer Electronics product sectors. Despite contribution
from new programme launches, overall revenue in the Mass Storage product sector declined by
4% to US$40.4 million in 1HFY14. This was primarily due to continuing weak end-market
demand for hard-disk drive products. On the other hand, the Consumer Electronics product
sector also registered a 10% decline in revenue in 1HFY14 to US$44.5 million, due to lower
sales of home appliance and entertainment products to certain customers.
The Group achieved profit after taxation of US$14.3 million for 1HFY14. This was largely on
account of higher gross profit and relatively flat general and administrative expenses, despite
non-recurring charges of US$0.7 million. The automation and operation initiatives implemented
by the Group in prior years continue to offset the cost of wage increases across China and
Southeast Asia. Accordingly, the Group’s profit after tax grew 15% in 1HFY14 over that of the
corresponding period in the last financial year.
Basic earnings per share for 1HFY14 grew 0.4 US cents to 2.6 US cents, compared to 2.2 US
cents in 1HFY13.
The Group generated cash from operations of US$44.2 million in 1HFY14. In addition, the
Group also received proceeds from the disposal of property, plant and equipment amounting to
US$11.1 million which were mostly redeployed towards payments for capital expenditure of
US$26.7 million. During 1HFY14, the Group paid dividends amounting to US$8.8 million and
repaid bank borrowings of US$19.3 million. As a result, the Group’s cash and cash equivalents