Valuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income

Felicia Tan2023-11-09

The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.Valuetronics has reported earnings of HK$82.1 million ($14.3 million) ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2382227653?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-09 01:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2382227653","market":"sg","top_or_hot":-1,"title":"Valuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income","media":"Felicia Tan","content":"<div>\n<p>The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.Valuetronics has reported earnings of HK$82.1 million ($14.3 million) ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/valuetronics-reports-1hfy2024-earnings-hk821-mil-42-higher-y-o-y-higher-margins-and?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Valuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nValuetronics reports 1HFY2024 earnings of HK$82.1 mil, 42% higher y-o-y, on higher margins and other income\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-09 01:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/valuetronics-reports-1hfy2024-earnings-hk821-mil-42-higher-y-o-y-higher-margins-and?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.Valuetronics has reported earnings of HK$82.1 million ($14.3 million) ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/valuetronics-reports-1hfy2024-earnings-hk821-mil-42-higher-y-o-y-higher-margins-and?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BN2.SI","symbol_name":"鸿通电子","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/valuetronics-reports-1hfy2024-earnings-hk821-mil-42-higher-y-o-y-higher-margins-and?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2382227653","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2382227653","pubTimestamp":1699462918,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BN2.SI":"鸿通电子"},"translate_title":"Valuetronics报告2024财年上半年盈利8210万港元，同比增长42%，利润率和其他收入均有所提高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN2.SI":1},"content_text":"The board has declared an interim dividend of 4 HK cents and a special dividend of 4 HK cents. Both are to be paid out on Dec 1.Valuetronics has reported earnings of HK$82.1 million ($14.3 million) for the 1HFY2024 ended Sept 30, 42% higher y-o-y.\nEarnings per share (EPS) for the period stood at 19.8 HK cents on a fully diluted basis.\nRevenue for the period fell by 15.2% y-o-y to HK$891.3 million although gross profit rose by 5.8% y-o-y to HK$138.9 million on the back of higher gross profit margins. For the 1HFY2024, gross profit margin (GPM) rose by 3.1 percentage points y-o-y to 15.6%.\nThe decline in revenue was due to a broadbased drop in Valuetronics Bn2’ segments, consumer electronics (CE) and industrial & commercial electronics (ICE). CE revenue fell by 4.6% y-o-y to HK$234.7 million due to the softening demand in end markets while ICE revenue fell by 18.5% y-o-y to HK$656.6 million from a decrease in demand from some ICE customers.\nGPM rose from the more stable material costs stemming from the relief of component shortage issues. Direct labour costs in China also normalised due to a more stable labour supply and the depreciation of the renminbi (RMB).\nOther income rose by 123.0% y-o-y to HK$28.8 million mainly due to the higher interest rates, which boosted interest income.\nThe board has declared an interim dividend of 4 HK cents per share as well as a special interim dividend of 4 HK cents, which is from its improved interest income. Both dividends are payable on Dec 1.\nAs at Sept 30, cash and cash equivalents stood at HK$1.14 billion.\n“Despite the challenging macro environment, we have managed to onboard customers in new and various sectors who will help to further diversify our revenue. We will continue to leverage our Vietnam and China campuses to provide diversified manufacturing solutions and seize opportunities to acquire new customers,” says Ricky Tse Chong Hing, chairman and managing director of Valuetronics.\nLooking ahead, the group says it expects to remain profitable in the FY2024 amid the current macroeconomic challenges. It adds that it intends to continue with its share buyback programme. Since its share buyback programme was announced on Feb 28, 2022, the group has spent HK$68 million buying a total of 22 million shares.\nShares in Valuetronics closed flat at 54 cents on Nov 8.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2382227653"}