Valuetronics announced that its earnings for 1HFY2023 ended September came in at HK$57.9 million ($10.2 million), a 2.2% increase from HK$56.6 million a year ago.
This came on the back of revenue increasing by 3.6% y-o-y to HK$1.1 billion.
Industrial and Commercial Electronics revenue increased by 15.9% y-o-y to HK$805.5 million, mainly contributed by the increase in demand from some of the group’s industrial and commercial electronics customers.