Trek 2000 International

Management & Corporate Governance

Forensic auditors at Trek 2000 uncover evidence of round-tripping, sales of phantom products, lax stock-keeping and altered invoices

SINGAPORE (Apr 24): RSM Corporate Advisory, the forensic accountants at Trek 2000 International have uncovered evidence of suspicious transactions including round-tripping, sales involving phantom customers and phantom products, lax inventory book-keeping

Results

Trek 2000 posts 1.5% rise in FY17 earnings to US$6.2 mil

SINGAPORE (Feb 22): Trek 2000 International recorded a 1.5% increase in its FY17 earnings to US$6.16 million ($8.14 million), compared to US$6.07 million in FY16.

Results

Trek 2000 posts 24% growth in 3Q earnings to $3 mil

SINGAPORE (Nov 7): Trek 2000 International, the inventor and patent owner of the ThumbDrive, saw its earnings climb 24% to US$2.2 million ($3.0 million) in the 3Q ended September, from US$1.8 million a year ago.

Forensic accountant RSM finds ’round-tripping’ of IPTs in Trek 2000 books

SINGAPORE (Sept 8): Forensic accountant RSM Corporate Advisory has identified several “round-tripping” interested party transactions (IPTs) involving Trek 2000 International and its subsidiaries.

Results

Trek 2000 posts 79% rise in 2Q17 earnings to US$2.1 mil

SINGAPORE (Aug 8): Trek 2000 International, the inventor of the Thumbdrive, posted a 78.7% increase in its 2Q17 earnings to US$2.1 million ($2.9 million) compared to US$1.2 million in 2Q16.

Results

Trek 2000 sees 68% rise in 1Q earnings to $1.7 mil

SINGAPORE (May 9): ThumbDrive inventor Trek 2000 International reported a 68% increase in 1Q earnings to US$1.2 million ($1.7 million) from US$0.7 million a year ago.

Results

Trek 2000 swings back into the black in FY16 with $8.5 mil earnings

SINGAPORE (March 29): Trek 2000 International, the technology company that owns the patent to the ThumbDrive, posted US$6.1 million ($8.5 million) in earnings for the year ended Dec 2016, compared to losses of US$6.6 million in FY15.

Trek 2000 disposes 19% stake in Racer Technology

SINGAPORE (March 13): Trek 2000 International on Monday entered into a sale and purchase agreement to sell its 19% stake in Racer Technology for $3 million.

Stocks To Watch

CRCT, OUE, Trek, Parkson Retail, NauticAWT, Otto Marine

SINGAPORE (Aug 19): Here are some stocks which could move the market this Friday morning.

Results

Trek 2000’s 2Q earnings rise 3.3%

SINGAPORE (Aug 19): Trek 2000 International reported 2Q earnings rose 3.3% to US$1.1 million ($1.5 million) from the previous year.
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