More News
MANUFACTURING | Staff Reporter, Hong Kong
view(s)

Fujikon profits almost doubled in 3Q12

Net profit margins up 8.1%.

Hong Kong electro-acoustic products designer and manufacturer Fujikon Industrial Holdings today announced its unaudited interim results for the six month ended 30 September 2012 (“1H FY2012/13”), showing a strong recovery of profitability with profit attributable to equity holders up by 7.9 times to HK$68.1 million and net margin substantially rising by 6.9 percentage points.

During 1H FY2012/13, Fujikon’s efforts to reposition the business to focus on the high-end market segment started to bear fruit. Driven by increasing orders from both new and existing clients, the Group recorded revenue of HK$845.1 million, up by 28.1% and gross profit almost doubled to HK$183.9 million over the corresponding period last year.

Gross profit margin climbed by 7.5 percentage points to 21.8%, mainly attributed to the reduction of lower margin products, as well as external factors such as a modest appreciation of the Renminbi and lower material costs. In line with the substantial growth in net profit, basic earnings per share rose 7.9 folds to HK16.59 cents.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.