Valuetronics FY24 profit up 29.8% despite double-digit revenue drop

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pstrongRevenue fell 17.1% YoY to HK$1.7b (S$294.25m)./strong/p pValuetronics saw its net profit rise 29.8% YoY to HK$159.6m (S$27.6m) in FY24 despite a double-digit decline in its revenue./p pIn FY24, revenue fell 17.1% YoY to HK$1.7b (S$294.25m)./p pIndustrial & Commercial Electronics accounted for 75.

Valuetronics saw its net profit rise 29.8% YoY to HK$159.6m in FY24 despite a double-digit decline in its revenue.Industrial & Commercial Electronics accounted for 75.0% of the company’s revenue in 1Q24, whilst consumer electronics comprised 25.0% of the total.

By shipment destination, North America accounted for 42.4% of the revenue. China & Asia-Pacific and Europe accounted for 38.7% and 18.9%, respectively. With improved net profit, the company declared a HK$0.09 final dividend and a HK$0.08 special dividend....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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Source: Tech Daily Report (techdailyreport.net)

 

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