Valuetronics posts 10.3% rise in Q3 profit

Singapore

VALUETRONICS - a mainboard-listed design and manufacturing partner for brands in the consumer electronics (CE) and industrial and commercial electronics (ICE) sectors - on Tuesday posted a 10.3 per cent increase in net profit to HK$39.2 million (S$6.85 million) for the third quarter ended Dec 31, 2014, up from HK$35.5 million a year ago.

Revenue rose 3.4 per cent year on year to HK$596.2 million, driven mainly by revenue from its ICE sector, which rose by 23.0 per cent to HK$235.0 million on a rise in demand from some of its ICE customers and contribution from a new ICE customer, said the company.