Valuetronics reports 12.8% drop in Q2 net profit

Singapore

VALUETRONICS Holdings' net profit decreased 12.8 per cent for the second quarter ended Sept 30, the electronics manufacturing services company said on Monday.

Its net profit fell to HK$44.3 million (S$7.8 million) from HK$50.8 million a year ago, on the back of lower revenue and a provision of HK$13.6 million related to flash flooding at its Danshui factory in late September 2018.