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Willas-Array Electronics reports fourfold surge in half year earnings to $10.5 mil

PC Lee
PC Lee11/10/2017 09:00 PM GMT+08  • 2 min read
Willas-Array Electronics reports fourfold surge in half year earnings to $10.5 mil
SINGAPORE (Nov 10): Willas-Array Electronics reported half-year earnings quadrupled to HK$60.2 million ($10.5 million) from HK$14.6 million a year ago despite the tough market conditions.
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SINGAPORE (Nov 10): Willas-Array Electronics reported half-year earnings quadrupled to HK$60.2 million ($10.5 million) from HK$14.6 million a year ago despite the tough market conditions.

Revenue was up 13.8% to HK$2.4 billion, mainly driven by robust double-digit sales growth generated by its Industrial, Home Appliance and Automotive and Others segments.

The Telecommunications segment continued to be the largest revenue generator contributing HK$604.4 million, or 25.7%.

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