Valuetronics Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
For nine months, the company reported revenue of HKD 1,511.120 million compared to HKD 1,850.465 million a year ago. Profit from operations was HKD 103.776 million compared to HKD 125.084 million a year ago. Profit before tax was of HKD 103.152 million compared to HKD 124.382 million a year ago. Profit attributable to owners of the company was of HKD 90.866 million or HK 24.0 cents per diluted share compared to HKD 109.381 million or HK 29.3 cents per diluted share a year ago. Net cash generated from operating activities was HKD 285.155 million compared to HKD 120.211 million a year ago. Purchase of property, plant and equipment was of HKD 22.795 million compared to HKD 23.251 million a year ago.
Barring unforeseen circumstances, the directors expect the Group to remain profitable for the financial year ended 31 March 2016.