Brief: Vtech Holdings Posts FY Profit Attributable Of $149.2 Million
17/05/2023 10:06
May 17 (Reuters) - Vtech Holdings Ltd 0303.HK :
* FY PROFIT ATTRIBUTABLE $149.2 MILLION VERSUS $172.7
MILLION (NOT
LOSS $12.0 MILLION VERSUS LOSS $9.6 MILLION)
* FINAL DIVIDEND OF US42.0 CENTS PER ORDINARY SHARE DECLARED
* FY GROUP REVENUE DECLINED BY 5.4% TO US$2,241.7 MILLION
* COST TRENDS FOR FINANCIAL YEAR 2024 APPEAR FAVOURABLE
* COST OF MATERIALS IS EXPECTED TO DECREASE AS RECENT SUPPLY
ISSUES HAVE MOSTLY EASED FOR YEAR 2024
* MANUFACTURING OVERHEADS ARE EXPECTED TO IMPROVE FOR 2024
* GROUP TARGETS REVENUE TO BE FLAT YEAR-ON-YEAR FOR 2024
* FOR 2024, PROFITABILITY IS FORECAST TO RECOVER
Further company coverage: 0303.HK
((Reuters.Briefs@thomsonreuters.com;))
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