SINGAPORE (June 3): Valuetronics Holdings, the provider of electronics manufacturing services (EMS), announced a 10.3% y-o-y decline in FY20 earnings to HK$178.9 million (S$32.5 million) from HK$199.5 million. This is attributable to an overall lower customer demand owing to the global Covid-19 pandemic, escalating Sino-US trade tensions, and an overall global economic downturn.

In a statement on Wednesday, the company says it is encountering the “toughest business environment” since its operating history.

A final dividend of 14 HK cents per share has been proposed.

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