Mainboard-listed Valuetronics Holdings, the designer and manufacturer for leading brands in the electronics sector, says net profit for the third quarter ended 31 December 2010 (3Q FY2011) climbed 133.8% y-o-y to HK$31.6 million ($5.2 million).

This came on the back of a 79.9% surge in revenue to HK$524.5 million ($86.2 million) which was driven by an increase in customer orders.

Revenue from both OEM and ODM businesses came in strong in line with the higher sales recorded for the period under review. The OEM segment has shown a substantial growth, which was lifted by the increased demand from a number of major customers.