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Home / Capital / Results

Valuetronics' 1H earnings fall 12.1% to $15.9 mil on lower revenue

Results

Valuetronics' 1H earnings fall 12.1% to $15.9 mil on lower revenue

Felicia Tan Published on Wed, Nov 11, 2020 / 7:34 AM GMT+8

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Valuetronics Holdings reported earnings of HK$91.5 million ($15.9million) for the 1HFY2021 ended Sept 30, 12.1% lower than earnings of HK$104.1 million posted in the corresponding period the year before.

This came on the back of a 19.9% decline in 1HFY2021 revenue of HK$1.09 billion from HK$1.37 billion in 1HFY2020 as revenues for the company’s two segments fell.

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