Techcomp posts 42.5% rise in full-year net profit to $13.4m

Mainboard-listed Techcomp (Holdings), the manufacturer and distributor for healthcare, scientific and life-science instruments, says net profit attributable to shareholders increased 42.5% year-on-year to US$10.5 million ($13.4 million) for the 12 months ended 31 December 2010 (FY2010).

Revenue grew 21.3% y-o-y to US$127.1 million mainly due to the increased demand of its products in China and other Asian markets. The group’s manufacturing segment, which included contributions from its European laboratory equipment makers, HCC Group and Precisa, increased 99.8% y-o-y to US$39.8 million.