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Innovalues reports 62% higher 4Q earnings of $7.8 mil on higher revenue

Michelle Zhu Published on Mon, Feb 27, 2017 / 11:31 AM GMT+8

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SINGAPORE (Feb 27): Innovalues reported earnings of $7.8 million for the fourth quarter ended Dec 31, a 61.7% increase from the same quarter a year ago on higher revenue.

Innovalues specialises in the manufacturing of customised precision machine parts and components.

Revenue for the quarter grew 22.4% to $32.9 million from a year ago, mainly due to an increase in orders from customers in its automotive (AU) and office automation (OA) segments.