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Financial Highlights

•     Revenue from the Group’s operations for the nine months ended 30 September 2017 amounted to US$19.8 million, representing an increase of US$2.9 million or 17% as compared to US$16.9 million for the corresponding period in 2016. Such increase in revenue was primarily attributable to an increase in sales volume of the Group’s Schottky products.

 

•       Profit for the period attributable to the owners of the Company was US$0.25 million for the nine months ended 30 September 2017, as compared with the loss for the period attributable to the owners of the Company of US$0.4 million for the corresponding period in 2016. The turnaround from loss to profit was mainly attributable to various factors including (i) the non-recurring of listing expenses incurred for the period ended 30 September 2016; (ii) increase in other income in the current period; offset by (iii) lowering of average selling price of power discrete semiconductors products and the increased manufacturing cost and thus the reduction of gross profit; and (iv) increase in administrative expenses primarily due to additional headcount and increase in staff costs also include equity-settled share-based payment expense incurred in the period.

 

•     The Board does not declare the payment of any interim dividend for the nine months ended 30 September 2017.