Valuetronics Q2 profit up 26.3% on absence of one-off provision for China plant

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

ELECTRONICS manufacturer Valuetronics Holdings reported a 26.3 per cent rise in net profit for its fiscal 2020 second quarter ended Sept 30 to HK$56 million (S$9.7 million) from HK$44.3 million a year ago. Read more at The Business Times.

The mainboard-listed firm declared an interim dividend of six HK cents per share, payable on Dec 10, 2019, compared with five HK cents per share last year.

As at Sept 30, 2019, the group had net current assets of HK$917.8 million versus HK$850.5 million on March 31, 2019. It has zero debt, and cash and bank deposits of HK$1.03 billion. Therefore, it had in early 2019 begun to expand its manufacturing footprint to Vietnam to provide customers with an alternate manufacturing platform outside China.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines