Adampak, the manufacturer of high-performance labels, seals and other precision die-cut components, says net profit increased 15.5% y-o-y to US$2.3 million ($2.9 million) for the three months ended 30 September 2010 (3Q2010) with a better product mix and economies of scale.
Revenue increased 9.1% y-o-y to US$16.2 million driven by growth across all sectors. The group’s telecommunication sector was amongst the best performers, growing 46% to US$1.6 million. This was followed by a 20.5% growth in the non-electronics sector to US$1.7 million. Adampak’s Hard Disk Drive (HDD) sector, the largest revenue contributor, performed in line with the HDD industry and maintained its sales of US$8.4 million for 3Q2010.