Harris Technology has come back into profitability for the 2020 financial year due to the increase in consumer PC and personal protective equipment (PPE) sales during the start of the coronavirus pandemic.
The company said that it predicts a profit prior to a tax of $700,000 for the 30th June 2020 year ending, compared to the loss before tax of $732,000.
It can also be expected for the revenue to go up 44% to $13 million, when compared to the $9 million in the year that finished on 30th June 2019.
The growth occurred due to Harris’s traditional IT and consumer electronics (IT/CE) division as well as Pro-Hygiene, the new PPE business.
“We are delighted by the strong growth in revenues over the past year, and look forward to this continuing as we head into FY21 and beyond,” Garrison Huang Harris managing director said.
“We are continuing to develop strategies to expand our online offerings in the IT/CE division to build on the momentum generated in the first half of the calendar year 2020 and maintain growth.”