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Technology / AI and automation

COMPANY RESULTS

Synercom Technology saw fourth quarter net profit of $542,000 after an extraordinary credit of $97,000 against losses last time of $2.5m which included a restructuring charge of $1.7m, on turnover up 18.5% at $3.1m; net profit for the year to October 31 was $317,000 against a loss last time of $3.8m on turnover down 9.5% to $10.9m. Net per share was $0.09 in the quarter, $0.05 in the year.

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CBR Staff Writer

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