The group registered growth across key segments including the Automotive segment which surged 18.9% y-o-y to US$94.6 million. Growth within the Automotive segment was driven by major projects with key customers as well as new customer projects going into mass production.
SINGAPORE (Feb 27): Memtech International, the global components solution provider, reported a 32% decline in FY18 earnings to US$9.6 million ($12.9 million) from US$14.1 million a year ago.
Despite trade war tensions and a more conservative market sentiment, group revenue increased 13.2% to US$192.5 million for FY18, setting new record for the group.
