Brief: Vtech's FY Profit Attributable Rises 21.1% To US$230.9 Mln

VTech Holdings

18/05/2021 10:04

May 18 (Reuters) - Vtech Holdings Ltd  0303.HK :
    * FY PROFIT ATTRIBUTABLE ROSE 21.1% TO A RECORD US$230.9
MILLION
    * FY GROUP REVENUE INCREASED 9.5% TO US$2,372.3 MILLION
    * ANNOUNCES FINAL DIVIDEND OF US74.0 CENTS PER ORDINARY
SHARE
    * FINAL DIVIDEND OF US74.0 CENTS PER ORDINARY SHARE
    * GROUP'S REVENUE FOR FINANCIAL YEAR 2022 IS HARD TO PREDICT
    * 2022 GROSS PROFIT MARGIN EXPECTED TO DECLINE
    * UNCERTAINTY IN SUPPLY CHAIN COULD LIMIT CO'S ABILITY TO
MEET
ORDERS IN 2022
    * CAPITAL COMMITMENTS IN FY 2022 FOR ONGOING BUSINESS
OPERATIONS
ARE EXPECTED TO BE US$49.0 MILLION
    * TAKEN STEPS TO DIVERSIFY SOURCES OF SUPPLY, RE-ENGINEERING
PRODUCTS, NEGOTIATING NEW SHIPPING CONTRACTS AND PRICE INCREASES
    * SALES IN MAINLAND CHINA EXPECTED TO RESUME GROWTH
FOLLOWING A
RENEWED FOCUS ON CHANNEL MANAGEMENT AND E-COMMERCE
    * PLANS TO OPEN ADDITIONAL ONLINE STORES ON DIFFERENT
E-COMMERCE
PLATFORMS IN OTHER SOUTH EAST ASIAN COUNTRIES

Source text for Eikon:  ID:nHKS1SSYkZ 
Further company coverage:  0303.HK 

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