VTECH HOLDINGS Shares Plunge Over 9% Following Annual Results Showing Profit Decline

Stock News05-22

VTECH HOLDINGS (00303) shares fell more than 9% after the release of its annual results. At the time of writing, the stock was down 9.56% to HK$55.35, with a turnover of HK$48.6495 million.

The company announced its financial results for the year ended March 31, 2026. The group reported revenue of $2.0275 billion, a decrease of 6.9% year-on-year. Profit attributable to shareholders was $134 million, down 14.5% compared to the previous year. The board proposed a final dividend of 36 cents per share, an 18.2% reduction from the 44 cents per share paid in the last fiscal year. The total dividend for the year is 53 cents per share, a decrease of 13.1% from the 61 cents per share distributed in the prior year.

According to the announcement, the decline in profit was primarily due to reduced revenue, an increase in total operating expenses as a percentage of group revenue, and a rise in the group's effective income tax rate.

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