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-earlier period.

This 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 its industrial and commercial electronics segments, as well as the consumer electronics segment, recorded increases in revenue.

For the full year ended Mar 31, Valuetronics reported net profit of HK$170.4 million, up 6.8 per cent from HK$159.6 million in FY2024, translating to an EPS of S$0.416.

Revenue for FY2025 increased 3.5 per cent to HK$1.7 billion.

Other income and gains for the full year slipped 10.1 per cent to HK$58 million from HK$64.5 million in the same period a year earlier.

This was largely due to the fair value loss from financial assets and the decrease in interest income in tandem with the lowering of interest rates by the US Federal Reserve during the financial year.  

The board has proposed a final dividend of HK$0.11 per share and a special dividend of HK$0.08 per share, to be paid out on Aug 22.

This brings the total dividend for FY2025 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.

On Feb 28, 2022, Valuetronics announced its HK$250 million share buyback programme, where HK$107.1 million has since been used to repurchase an aggregate of 34.1 million company shares. The group intends to continue with the share buyback programme in FY2026.

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