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RTNominal unchange0.180 0.000 (0.000%)

22/06/2021 15:15

Trio Ind Elec (01710) expects increase in interim loss

[ET Net News Agency, 22 June 2021] Trio Industrial Electronics Group Limited (01710)
said it is expected to record a loss attributable to equity holders of the company of not
more than approximately HK$15 million for the six months ending 30 June 2021 as compared
to a loss attributable to equity holders of the company of HK$2.4 million for the six
months ended 30 June 2020.
The expected increase in loss was mainly because of 1. escalating material costs driven
by prolonged shortage in supply of components; 2. severe disruption of global supply
chains and product delivery to meet customers' scheduled orders due to multiple waves of
COVID-19; 3. rise in operating costs as a result of the appreciation of Renminbi against
other currencies; and 4. the group's production outputs have been further affected by
electricity rationing since May 2021 in Guangdong Province, the People's Republic of
China. (RC)

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