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INFORMATION TECHNOLOGY | Staff Reporter, Singapore

Valuetronics' profit surges by 35.7% to 9.9m

Growing demand for industrial and consumer electronics pushed the growth.

The net profit of Valuetronics Holdings Limited grew by 35.7% year-on-year (yoy) to $9.9m for the third quarter ended 31 December (3Q 2018).

“Both our Industrial and Commercial Electronics and Consumer Electronics segments saw growth in the quarter due to increases in demand from certain customers,” said Ricky Tse Chong Hing, chairman and managing director of Valuetronics.

The company’s consumer electronics business grew by 48.1% yoy to $68.3m, while its industrial and commercial electronics business increased by 22.3% yoy to $66m.

Overall, Valuetronics’ revenue rose by 34.2% yoy to $134m.

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