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.

Earnings per share stood at 41.2 HK cents for the year, down from 46.2 HK cents previously.

Revenue for the full year fell 16.8 per cent to HK$2.35 billion, from HK$2.82 billion a year earlier, mainly due to slowdowns in customer demand, the com…

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