SINGAPORE (Feb 6): Ellipsiz posted earnings of $5.8 million for the 2Q18, up more than threefold from its restated earnings of $1.7 million in 2Q17 due to a one-off gain from the disposal of its subsidiary.
Revenue for 2Q18 grew 3% on-year to $10.5 million from $10.1 million previously, with higher contributions from across all geographical segments, particularly China.
A one-off $14.2 million gain on disposal of subsidiaries was recorded over the quarter after the sale of its wholly-owned subsidiary, SV Probe, under its probe card solutions segment for an estimated consideration of $90.7 million.
The latest quarterly results bring Ellipsiz’s earnings for 1H18 to $8.1 million, compared to the group’s restated earnings of $2.3 million in 1H17.
An interim dividend of 2 cents has been declared for the half year period, up from 1.50 cents in 2H17 and payable on March 7. It will be accounted for in shareholders’ equity as an appropriation of ‘retained earnings’ in 3Q ended March.
As at end 2017, net asset value (NAV) per share of Ellipsiz was 82.52 cents in terms of the group, compared to 78.67 cents as at end 2H17.
Shares in the group closed 3 cents lower at 76 cents on Tuesday.
