Willas-Array's Q2 loss widens to HK$31.25m

Singapore

HONG KONG-based electronics distributor Willas-Array Electronics (Holdings) saw its second quarter net loss widen to HK$31.25 million from HK$230,000 a year earlier.

Revenue for the three months ended Sept 30 fell by 17 per cent to HK$880.2 million from HK$1.1 billion a year ago, while gross profit more than halved to HK$44.6 million. Gross profit margin decreased from 9.2 per cent to 5.1 per cent.