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Valuetronics reports 38.1% lower earnings of $9.8 mil for 1HFY22 on shortage of key electronic components

Felicia Tan
Felicia Tan11/10/2021 08:02 AM GMT+08  • 3 min read
Valuetronics reports 38.1% lower earnings of $9.8 mil for 1HFY22 on shortage of key electronic components
The group has lowered its dividend to HK4 cents from HK5 cents in the year before.
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Mainboard-listed Valuetronics Holdings have reported earnings of HK$56.6 million ($9.8 million) for the 1HFY2022 ended September, 38.1% lower than earnings of HK$91.5 million in the same period the year before.

Accordingly, earnings per share (EPS) for the half-year period fell 38.1% y-o-y to 13.0 HK cents.

1HFY2022 revenue fell 7.3% y-o-y to HK$1.01 billion. Though cost of sales during the period fell 4.2% y-o-y to HK$870.9 million, Valuetronics’ gross profit stood 22.8% y-o-y lower at HK$143.6 million for the 1HFY2022.

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