Corporate News
Arrow Electronics Completes Acquisition of the Components Distribution Business of Achieva Limited
(July 7, 2008)
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Achieva divests its Components Business for US$51.5 million
(March 5, 2008)
The Board of Directors of Achieva Ltd. (the "Company" or "Achieva" and together with its subsidiaries, the "Group") wishes to announce that it had entered into a conditional Sale and Purchase Agreement (the "Sale Agreement") with Arrow Electronics, Inc. of the U.S.A. (the "Purchaser" or "Arrow") whereby the Company agreed to sell to the Purchaser its entire shareholding interests in its wholly-owned subsidiaries, Achieva Components Pte Ltd and Achieva Electronics Pte Ltd.
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Full Year Financial Statement 2007
(February 29, 2008)
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Half Year Financial Statement 2007
(August 8, 2007)
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Full Year Financial Statement 2006
(March 1, 2007)
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Achieva Posts 23% Increase in Net Profit of S$1.66 Million For First Half of FY2006
(February 22, 2006)
Group report turnover of S$289 Million
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Achieva Posts Net Profit of S$2.3 Million For FY2005
(February 22, 2006)
Group report record turnover of S$611.4 Million
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Achieva Posts Higher Turnover of S$305 Million For 1st Half of FY2005
(August 10, 2005)
Group Remains profitable with net profit of S$1.3 million
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Achieva Continues Profitable Turnover With S$4 Million Profit Before Tax For FY2004
(February 24, 2005)
Singapore -- Main board-listed Achieva Limited ("Achieva" or "the Group"), one of Asia Pacific's top knowledge-based, value-added distributors and solutions providers focusing on electronics and IT-related products, continues its profitable turnaround with S$2.5 million net profit for year ending December 31, 2004 ("FY2004"). On a pre-tax level, Achieva recorded a profit of S$4.0 million, up 22% from last year on revenue of S$583.9 million. The Group's revenue increased 12% from last year.
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