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

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.