Brief: InnoTek Ltd Posts FY22 Net Profit Of S$2.3 Mln Vs S$11.5 Mln

InnoTek

01/03/2023 24:44

March 1 (Reuters) - InnoTek Ltd  INTK.SI :
    * FY22 NET PROFIT S$2.3 MILLION VERSUS S$11.5 MILLION
    * FY22 REVENUE S$186.8 MILLION VERSUS S$173.6 MILLION
    * PROPOSED A FIRST  AND FINAL DIVIDEND OF 2.0 SINGAPORE
CENTS PER
SHARE
    * ACQUISITION OF A 70%-STAKE IN A MANUFACTURING FACILITY IN
VIETNAM
    * UNIT ACQUIRED STAKE IN MANUFACTURING FACILITY IN VIETNAM
FOR
US$2.6 MILLION
    * CLOSELY MONITORING  SEVERAL HEADWINDS SUCH AS FLUCTUATING
EXPORT
DEMAND, AMONG OTHERS
    * PLANS TO DIVERSIFY INTO EMERGING INDUSTRIES WILL
CONTRIBUTE TO 
FINANCIAL PERFORMANCE FROM FY'23

Source text for Eikon:  ID:nSN1v7b2X 
Further company coverage:  INTK.SI 

 ((Reuters.Briefs@thomsonreuters.com;))