Gross profit margin dropped by 1 percentage point (ppt) 28% from 29% last year.
Asti Holdings (SGX:575
) announced earnings of $4.8 million for FY2022 ended Dec 31, 2022, a reversal from the loss of $3.9 million it recorded in the same period a year ago.
This comes on the back of revenue gaining 23.4% y-o-y to $67.0 million from $54.3 million last year. This is mainly due to higher revenue from the group’s tape & reel packaging services contributed by Philippines operations.
