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Metech reverses back to profitability in FY17 as sales treble

PC Lee
PC Lee • 1 min read
Metech reverses back to profitability in FY17 as sales treble
SINGAPORE (Aug 25): Metech International, the e-waste management solutions provider, has swung back into the black in FY17.
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SINGAPORE (Aug 25): Metech International, the e-waste management solutions provider, has swung back into the black in FY17.

For the 12 months ended June, the group reported a net profit of $0.87 million compared to a loss of $7.1 million a year ago.

Full year group revenue trebled to $120.5 million from $40.6 million a year ago. Sales from E-Waste Management (EWM) rose 29.3% to $31.8 million while sales from Supply Chain Management (SCM) surged more than fivefold to $120.8 million from $41.9 million.

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