Wireless communications provider 602 U-Blox has announced strong top and bottom line growth in its financial report for 2013.
Consolidated revenue US$249 million, a growth of 27.0 per cent compared to 2012; gross profit improved from US$92 million to US$1.2 million, with a continued good profit margin of 36 per cent; operating profit (EBIT) increased from US$25.99 million to US$34.1 million, a growth of 30.9 per cent compared to 2012; net profit increased by 44.3 per cent from US$19.3 million to US$27.8 million, representing a 11.2 per cent net profit margin for 2013.
U-Blox has a healthy balance sheet with a high equity ratio of 79.7 per cent and worldwide sales growth of 27 per cent in 2013.
The company’s dominance in components for vehicle tracking was maintained with continued expansion. High growth was also experienced in the in-dash automotive navigation market. Business also grew strongly for people and animal monitoring devices, financial transaction terminals, recreation equipment and vehicle telematics systems.
Consolidated revenue US$249 million, a growth of 27.0 per cent compared to 2012; gross profit improved from US$92 million to US$1.2 million, with a continued good profit margin of 36 per cent; operating profit (EBIT) increased from US$25.99 million to US$34.1 million, a growth of 30.9 per cent compared to 2012; net profit increased by 44.3 per cent from US$19.3 million to US$27.8 million, representing a 11.2 per cent net profit margin for 2013.
U-Blox has a healthy balance sheet with a high equity ratio of 79.7 per cent and worldwide sales growth of 27 per cent in 2013.
The company’s dominance in components for vehicle tracking was maintained with continued expansion. High growth was also experienced in the in-dash automotive navigation market. Business also grew strongly for people and animal monitoring devices, financial transaction terminals, recreation equipment and vehicle telematics systems.
