Electronics maker Valuetronics’ 3Q earnings fell 35.8% to HK$25.2 million ($4.6 million), owing to lower sales of consumer electronics.
Revenue slipped 27.1% to HK$434.5 million. Consumer electronics decreased 61% to HK$141 million as sales for LED lighting products dwindled.
However, revenue increased for its industrial and commercial electronics segment by 24.9% to HK$293.5 million.
Gross profit margin improved to 16.2% from 14% a year ago, due to a change in product sales mix.
Valuetronics ended 2.6% higher at 39.5 cents on Tuesday.
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Revenue slipped 27.1% to HK$434.5 million. Consumer electronics decreased 61% to HK$141 million as sales for LED lighting products dwindled.
However, revenue increased for its industrial and commercial electronics segment by 24.9% to HK$293.5 million.
Gross profit margin improved to 16.2% from 14% a year ago, due to a change in product sales mix.
Valuetronics ended 2.6% higher at 39.5 cents on Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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