feedburner
Enter your email address:

Delivered by FeedBurner

Choose Your Stocks


VALUETRONICS POSTS NET PROFIT OF HK$5.4 MILLION FOR FIRST QUARTER FY2010 (11 Aug 09)

Labels:

  • Revenue: -7.0% (1Q10)
  • Net Profit: -74.3% (1Q10)
  • Outlook: FY2010 is expected to remain challenging given the current economic climate and the sentiment among the Group’s customers remains cautious.
  • The Group continues to contend with challenging issues which include high uncertainty in demand patterns and sales orders, price pressures from customers, deteriorating credit conditions and significant fluctuations in exchange rates of major currencies.
  • The following quarter will continue to be impacted by such adversities.
  • The Group is also monitoring the performance of its customers’ financial health closely, through public information sources and consistent dialogue with major customers by the individual project team leaders working on key customer accounts.
  • This practice is to help the Group mitigate the risk of over-stocking of inventories.
  • While the Group reinforces its focus on financial and business fundamentals such as productivity and operation efficiency, design and development capabilities, excellence in customer service, the Group will also continue to have vigilant working capital management by imposing strict control measures and to work through the current global economic slowdown with the objective to maintain profitability.

FINANCIAL RECORDS

Revenue (HKD '000)


FY 1Q 2Q 3Q 4Q Total

2010 218,626
2009 235,121 317,787 247,866 159,285 960,059
2008 186,277 253,523 239,503 204,887 884,190
2007 167,239 198,306 182,017 176,305 723,867
2006 NA NA NA NA 601,890
-----------------------------------------------------------
Earnings (HKD '000)

FY 1Q 2Q 3Q 4Q Total

2010 5,401
2009 21,008 22,232 12,523 (2,699) 53,064
2008 20,041 29,193 21,568 19,737 90,539

2007 17,741 21,752 21,016 13,706 74,215
2006 NA NA NA NA 58,694
-----------------------------------------------------------
Dividends

FY Interim Final Special (HKD)

2009 NA 0.045 NA
2008 NA 0.078 NA
2007 NA 0.063 NA
-----------------------------------------------------------
Bonus Issue / Stock Split

Date Type Details
NA
-----------------------------------------------------------
Share Data (HKD)

NAV = $0.937
EPS = $0.015 (3M FY10)
No of Shares = 351,723,000
-----------------------------------------------------------

ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



0 Comments:

Post a Comment