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).

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