In the first half of 2024, InnoTek achieved a 30.9% increase in revenue, reaching $121.6 million, up from $92.9 million the previous year. Correspondingly, gross profit for 1H2024 rose by 13.0% to $17.7 million, compared to $15.7 million a year ago.
InnoTek is a precision metal components manufacturer providing metal stamping, tool and die fabrications and precision machining works through its wholly owned subsidiary, Mansfield Manufacturing Company. Listed on the Singapore Exchange (SGX:S68
) Mainboard since January 1998, the group is headquartered in Singapore, with manufacturing facilities in China, Thailand and Vietnam.
1. What are some of the latest updates from InnoTek with reference to its financial performance?
