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Excelpoint's earnings soars by 1,841.5% in 2H2020; declares final dividend of 3 US cents per share

Amala Balakrishner
Amala Balakrishner  • 3 min read
Excelpoint's earnings soars by 1,841.5% in 2H2020; declares final dividend of 3 US cents per share
Excelpoint’s earnings was up by 546.6% to US$10.3 million in 2020, from US$1.60 million in FY2019.
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Earnings of electronics components distributor Excelpoint Technologies soared by some 1841.5% to US$8.29 million ($11.1 million) in 2HFY2020 ended December from US$427,000 in the previous year.

On a fully diluted basis, this translates to earnings per share of 6.92 US cents in 2HFY2020, versus 0.36 US cents in 2HFY2019.

This comes as revenue for the second half of 2020 was up 18.3% to US$598.7 million, from US$506.1 million in the previous year, following higher sales from its business units in Singapore and Hong Kong.

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