Written by The Edge
Mainboard-listed Gul Technologies Singapore says it achieved 70% growth in consolidated pre-tax profit of US$12.7 million ($17.4 million) in the 1st half of 2010 (1H2010) compared to the corresponding period last year.
Amidst the economic recovery, Gul Tech says turnover improved 55.8% compared to the corresponding period last year.
About 75% of the group’s revenue was generated from 10 long-term customers who are leaders in the automotive, hard-disk drives, notebook batteries and digital cameras sectors.
Riding on the economic recovery, these customers in turn awarded the group with more orders in 1H2010.
