Lim Eng Hong, Chief Executive Officer of Avi-Tech Electronics Limited said, "A key focus in the year for Avi-Tech will be to exit the SGX watch-list. With the restructuring we undertook since 4Q2014, the Group has returned to profitability in the last financial year. Our business fundamentals remain sound and we will continue to work hard to improve our operating performance with strategic cost management and productivity enhancements.

At the same time, we will seek new areas of growth such as through partnerships or mergers and acquisitions. We are grateful to our shareholders for their continued support and we will work towards achieving fair valuation of our stock and enhancing shareholder returns.”