Walsin turnover soars

WALSIN International, which is being acquired by a third party, has posted a 26 per cent increase in after-tax profit to $11.89 million in the six months ended October 31.

Its turnover rose more than five times, to $100.18 million from $19 million the previous year.

No interim dividend will be declared. Earnings per share were 5.7 cents.

Managing director Chiao Yu-heng said the substantial rise in turnover was mainly a result of the increased volume of securities trading together with income from trading of machinery.