Profit slip at Synnex


11 January 2006 Fremont (CA): Q4 profit at Synnex fell 16 per cent on higher interest and finance charges even though revenue rose, the company has announced.

Net income came in at $12.8 million, or EPS of $0.41, down from $15.3 million, or EPS of $0.50, a year earlier.


Revenue increased 11 per cent to $1.6 billion, from $1.4 billion.


Interest expenses and charges more than doubled to $5.9 million from $2.8 million.