VTech Announces FY2022 Annual Results – PR Newswire
Safe income regardless of worldwide current chain disruptions
HONG KONG, Might 16, 2022 /PRNewswire/ —
- Group income stayed primarily flat at US$2,370.5 million
- Gross sales of digital studying merchandise surpassed US$1 billion
- Global materialss scarcitys, current chain disruptions, unprecedented enhance in freight costs, and rising prices affected end outcomes
- Gross revenue margin fell from 30.6% To twenty-eight.2%
- Profit attribudesk to shareholders of The agency declined 25.2% to US$172.7 million
- Final dividfinish of US51.0 cents per odd share, Ensuing in a full-yr dividfinish of US68.0 cents, dpersonal 25.3% yr-on-yr
VTech Holdings Restricted (HKSE: 303) right now introduced its end outcomes for the yr fulld 31 March 2022, reporting sdesk income and decrease revenue.
“VTech reported sdesk income and decrease revenue for the monetary yr 2022. This was hugely The outcomes of coronavirus (COVID-19) associated disruptions to manufacturing And current chains, Collectively with value pressures Outcomeing from worldwide scarcitys of materialss and delivery containers,” said Mr. Allan Wong, Chairman and Group CEO of VTech Holdings Restricted.
Results and Dividfinish
Group income for the yr fulld 31 March 2022 decreased barely by 0.1% to US$2,370.5 million, from US$2,372.3 million Inside the earlier monetary yr. Greater sales in North America have been insufficient to offset decrease sales in Europe, Asia Pacific and Completely different Areas.
Profit attribudesk to shareholders of The agency …….
Source: https://www.prnewswire.com/news-releases/vtech-announces-fy2022-annual-results-301547753.html