NAM Tai Electronics, a mainland manufacturer of electronic equipment listed on New York's over-the-counter market, has reported record earnings for 1993.
The company reported net profit of US$5.2 million, a 108 per cent advance on the year to 31 December 1992.
Revenue was also at record levels, according to Nam Tai chairman M.K. Koo.
He said sales for 1993 had been $70.8 million, up 22.2 per cent.
Earnings per share were 87 US cents, from 47 cents.
Operating margins rose to more than eight per cent in 1993, compared with 4.7 per cent in 1992. The net income ratio in 1993 was 7.34 per cent, from 4.32 per cent.
The ratio on December 31 was 2.98, compared with 1.85 on the same day in 1992. Shareholders' equity increased from $16.37 million to $28.16 million.