Valuetronics posts 3.1% higher H2 profit of HK$79.9 million

[SINGAPORE] Electronics manufacturing services provider Valuetronics on Wednesday (May 28) posted net profit of HK$79.9 million (S$13.1 million), up 3.1 per cent from HK$77.4 million in the same year-go period.

The results translated to earnings per share (EPS) of HK$0.195, up from an EPS of HK$0.188 in the corresponding period a year prior.

Revenue for the half-year period stood at HK$866.9 million, up 11.4 per cent from HK$778.5 million in H2 FY2024. Both industrial and commercial electronics segments, as well as consumer electronics segment, recorded increases in revenue.

The board has proposed a final dividend of HK$0.11 per share and a special dividend of HK$0.08 per share. This brings the total dividend for FY2024 to HK$0.27 per share, including the interim dividend and special dividend of HK$0.08 paid in December 2024, and implies a dividend payout ratio of 65 per cent of net profit with respect to FY2025.

Its counter closed 2.9 per cent or S$0.02 higher at S$0.70 on Tuesday.