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12 August 2003, Singapore — Achieva Limited (“Achieva”), one of Asia Pacific’s knowledge-based, value-added distributors and solutions providers focusing on electronics and IT-related products, today announced that the Group has turned around its business with a profit after tax of about S$1 million for the first six months ended 30 June 2003, compared to a loss of S$4.4 million for the corresponding period last year.

At half-time, the Group achieved net earnings of S$994,000 – compared to a loss of S$4.4 million last year – on the back of a group turnover which grew slightly to S$232.7 million.

Earnings per share was 0.22 cent in the first half of this year compared to a loss per share of 0.99 cent. Net tangible assets backing per share also rose from 11.14 cents to 11.36 cents.

In terms of segmental contribution, the Electronic Components group continued to chalk up increased sales while remaining profitable, while the PC peripherals group registered an operating profit (before interest and taxation) of S$181,000 on a slight dip in sales.

Turnover for the Group’s Electronic Components group grew by 30% from S$37.3 million in the first half of last year to S$52.8 million this half-year, reflecting an increase in contribution from its Components North Asia sub-group. Sales from the Electronics Components Division in North Asia increased significantly by S$17.6 million, compared to only S$245,000 last year.

Operating profit for the Electronic Components group decreased by S$129,000 compared to the previous period. The Components North Asia group managed to almost break even in the first six months of FY2003 compared to a loss in the previous corresponding period, while the Components South Asia group managed to maintain margins for the first half of this year.

Commenting on the results, Mr Henry Lim, President and CEO of Achieva, said: …

Achieva Returns To The Black With Net Profit Of $2.7 Million In Fy2003, Reversing A Net Loss Of $7.2 Million In FY02
– Group turnover grew 12.2% to reach $521.3 million
– Group to sharpen focus on electronics components business to take advantage of the global recovery in the semiconductor industry
– North Asian markets continue to drive growth

Singapore, February 26, 2004: Mainboard-listed Achieva Limited, one of Asia Pacific’s top knowledge-based, value-added distributors and solutions providers focusing on electronics and IT-related products, today reported a Group net profit of S$2.7 million on a turnover of S$521.3 million for the financial year ended 31 December 2003.

The Group returned to profitability from a loss of S$7.2 million in FY2002 due mainly to higher sales and profit contributions from its electronics components business, lower operating expenses as a result of streamlining of its PC Peripherals business and the write-back of provisions made in previous years.

The Group registered a 12.2% increase in turnover, primarily due to higher sales from the Group’s Electronics Components (Components) division, especially in Greater China and India, which saw aggregate revenue grow from S$4.5m to S$50m. Sales growth in the second half of FY03 was stronger as the Group benefited from an upturn in the semiconductor industry, especially the robust growth in the North Asian markets such as China and Taiwan. The Components division registered a revenue growth of 55.5% to S$116.3 million. Profit before interest grew 36.8% to S$7.0m.

For the PC Peripherals division, revenue increased by 3.9% to S$404.4m. Losses from this division were reduced from S$6 million to S$1.4 million. The reduction was mainly due to the decline in operating costs.

The Group’s overall operating cost was reduced by 21.3% to S$21.5 million.

Earnings per share for the Group is 0.6 cents, while net …

Achieva registered 78% increase in net profit to S$1.8 million for first half of 2004
– Group turnover increased 26% to s$296.3 million
– Growth driven by electronic components division
– Group to forge ahead with own brand of ce products under “astone” brandname

Singapore, 12 August, 2004: Mainboard-listed Achieva Limited, one of Asia Pacific’s top knowledge-based, value-added distributors and solutions providers focusing on electronics and IT-related products, has achieved a 78% increase in profit after tax and minority interests to S$1.8 million for the first half of FY2004, up from S$1.0 million in the corresponding period last year.

The improvement in Achieva’s net profit was mainly attributable to improved sales in the electronics components division, a turnaround in the PC peripheral division and better contributions from associated companies. Profits from the electronics components division for the first half of 2004 was S$4.4 million, nearly doubled that of the previous period on the back of better demand. The PC peripherals division recorded a profit before accounting for provision of doubtful debts and stock obsolescence of S$1.1 million, versus a loss of S$1.1 million for the first half of 2003. Loss after provisions was S$1.5 million for the first six months compared to S$1.6 million previously.

Turnover increased — up by 26% to S$296.3 million compared to S$234.2 million in the same period last year. Of the group’s turnover, the electronic components division contributed 31%, up from 21% in the first half of 2003, whilst the PC peripherals division contribution fell from 79% to 69% in the first half of 2004.

The Group’s electronic components division contributed S$93 million in the first six months of 2004, an increase of 93% from S$48 million last year. Of the S$93 million turnover, the Components South Asia and North Asia Group recorded an increase …

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, today reported a higher group turnover of S$305 million for the first six months ended 30 June 2005.

The Financial Statement is in Adobe PDF format. You can download the Adobe Reader here.…