Valuetronics Q3 earnings surge 45% to HK$35m

MAINBOARD-LISTED Valuetronics Holdings Limited posted a net profit of HK$35.53 million (S$5.81 million) for the third quarter ended December last year, a 45 per cent jump compared to HK$24.51 million a year ago.

Revenue also went up 13.5 per cent to HK$576.80 million, mainly attributable to the growth of the group's industrial and commercial electronics (ICE), and consumer electronics (CE) customers.

The revenue for CE increased by 9.4 per cent to HK$385.7 million, while ICE revenue increased by 22.9 per cent to HK$191.1 million. Both segments were driven by increased demand.