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Valuetronics posts 10.3% drop in FY20 net profit to HK$178.9m on lower revenue as demand slows

Group is having 'toughest business environment in its operating history'

Vivienne Tay

Published Wed, Jun 3, 2020 · 09:50 PM

Singapore

VALUETRONICS Holdings posted a 10.3 per cent drop in net profit to HK$178.9 million (S$32.3 million) for its full year ended March 31, down from HK$199.5 million a year earlier.

This came as the mainboard-listed electronics manufacturer recorded lower revenue for its industrial and commercial electronics segment, and its consumer electronics segment.