Valuetronics' full-year earnings up 88% at HK$147.9m

ELECTRONICS manufacturer Valuetronics Holdings raked in full-year earnings of HK$147.9 million (S$24 million) as business in its industrial and commercial segment grew and a change in product sales mix improved margins.

The net profit for the 12 months ended March 31 (FY2014) was also 88 per cent higher than the HK$78.7 million for FY2013, when it included HK$39.8 million in loss from discontinued operations. Ignoring the discontinued operations item, profit from continuing operations was 24.9 per cent higher.

FY2014's earnings per share were 40.6 HK cents, against FY2013's 21.9 HK cents, the latter after accounting for a loss per share of 11 HK cents from discontinued operations.