Valuetronics sets up subsidiary to expand Vietnam operations
Valuetronics said Thursday it set up a subsidiary in Vietnam to expand its operations in the country as it shifts some manufacturing out of China.
Valuetronics said Thursday it set up a subsidiary in Vietnam to expand its operations in the country as it shifts some manufacturing out of China.
Valuetronics said Wednesday its fiscal 1Q net profit fell 3.1% on-year to HK$48.1M as the U.S. trade war spurs customers to seek production outside China.
Valuetronics reported net profit for its fiscal year fell 2.6% to HK$199.48M as the U.S. trade war caused a slowdown in smart LED lighting orders.
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Valuetronics reported its fiscal third quarter net profit rose 2.6 percent to HK$59.7 million despite a decline in consumer electronics (CE) revenue.
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