We also have to look at the overall business revenue sir... yr by yr...it's IT division is main bread-winner...
REVENUE
The Group achieved revenue of $253.7m for the six months ended 31 December 2020 (“2H2020”), a
decrease of 1.2% or $3.2m compared to the revenue of $256.9m for the six months ended 31 December
2019 (“2H2019”). For the twelve months ended 31 December 2020 (“12M2020”), the Group achieved revenue
of $479.7m, a year-on-year increase of 5.2% or $23.9m, compared to revenue of $455.8m achieved for the
twelve months ended 31 December 2019 (“12M2019”).
Comparing 2H2020 to 1H2020, revenue increased by 12.3% or $27.7m, from $226.0m in 1H2020 to $253.7m
in 2H2020.
IT Division
The IT Distribution business achieved revenue of $252.6m in 2H2020, a decrease of 1.3% or $3.3m, from
$255.9m in 2H2019. On a twelve months basis, this division grew by 5.3% or $24.1m, from $453.4m in
12M2019 to $477.5m in 12M2020.
Comparing 2H2020 to 1H2020, revenue in IT business increased by 12.3% or $27.7m, from $224.9m in
1H2020 to $252.6m in 2H2020.
The increase in revenue for 12M2020 was mainly due to the increase in customer demands arising from the
increased reliance on digital technologies during COVID-19 pandemic.
PCB Division
Revenue in this Division increased marginally by $84,000, from $1.0m in 2H2019 to $1.1m in 2H2020. On a
twelve months basis, revenue in this division decreased by 8.0% or $193,000, from $2.4m in 12M2019 to
$2.2m in 12M2020. The decrease in revenue was mainly due to lower customer demands and reduction of
manufacturing capacity of the Group resulting from disposal of the remaining 2 laser machines in Singapore
during 12M2020.
Comparing 2H2020 to 1H2020, revenue in this Division remained at $1.1m.