Willas-Array Electronics Holdings has reported earnings of HK$92.5 million ($15.8 million) for the FY2021 ended March, reversing from its losses of HK$72.6 million in the FY2020.

FY2021 revenue increased 12.1% y-o-y to HK$3.56 billion due to higher sales across its top three segments – Industrial, Home Appliance and Automotive, which contributed to over 50% of the group’s total revenue.

The group’s Automotive segment registered the highest revenue growth at 31% y-o-y driven by the accelerated development of electric vehicles (EVs).


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook