VTech Announces 2012/2013 Interim Results

VTech Announces 2012/2013 Interim Results PR Newswire HONG KONG, Nov. 14, 2012 - Reported higher revenue and profit amid weak economic conditions HONG KONG, Nov. 14, 2012 /PRNewswire/ -- Group revenue was up by 2.1% to US$876.1 million Profit attributable to shareholders of the Company increased by 3.1% to US$91.2 million Strong balance sheet, with deposits and cash of US$108.9 million Interim dividend of US16.0 cents per ordinary share, same as the dividend paid in the corresponding period last year VTech Holdings Ltd (HKSE: 303) today announced its results for the six months ended 30 September 2012, reporting higher revenue and profit amid weak economic conditions. http://photos.prnewswire.com/prnh/20090615/HKM004 Group revenue for the six months ended 30 September 2012 increased by 2.1% over the same period of the previous financial year to US$876.1 million. This was primarily due to higher revenue in North America and Europe, where electronic learning products (ELPs) and contract manufacturing services (CMS) recorded growth. Higher revenue from telecommunication (TEL) products and ELPs in Asia Pacific also contributed to the increase in Group revenue. Profit attributable to shareholders of the Company increased by 3.1% to US$91.2 million. The increase in profit was mainly attributable to higher revenue and a modest improvement in operating profit margin. Basic earnings per share consequently increased by 2.5% to US36.5 cents, compared to US35.