Valuetronics profit up by 33.5% to $8.9m in Q2FY18

Both its consumer electronics and industrial and commercial electronics segments contributed to its strong financial performance.

Electronics manufacturing company Valuetronics’ profits rose by 33.5% YoY to $8.87m (HKD$50.8m) in Q2FY2018.

According to a press release, revenue also rose by 26.5% YoY $126.25m (HK$725.7m). Revenue contribution from consumer electronics (CE) segment $66.19m (HKD381M) overtook contributions from industrial and commercial electronics segment (ICE) $60.96m (HKD345M).

Strong demand for smart LED lighting with Internet-of-Things (IoT) capabilities and compatibility with smartphones drove growth for the CE segment. Demand for in-car connectivity modules in the automotive industry spurred growth for the ICE segment.

“We have worked diligently to sustain the double digit growth rate even in a challenging operating environment, and as a result of our strong financial performance, we would like to reward shareholders with an interim dividend of 7 HK cents per share,” said Ricky Tse Chong Hing, Valuetronics chairman and managing director.