Valuetronics Q3 profit up 35.7%

INCREASED demand for both industrial and consumer electronics lifted results for Valuetronics for its third quarter.

Net profit went up 35.7 per cent to HK$58.2 million (S$9.9 million) from the previous year, the group said in a Singapore Exchange filing on Friday morning.

For the three months ended Dec 31, revenue climbed 34.2 per cent to HK$788.3 million from the previous year. The firm recorded stronger performance in both its segments of consumer electronics, and industrial and commercial electronics.

Valuetronics, however, warned that it still sees supply chain challenges, such as raw material price fluctuations and extended procurement lead times.

"The group will continue to navigate the dynamic macro-environment by sticking to its fundamentals and keeping in close touch with customers," it said.