[ET Net News Agency, 24 December 2021] Trio Industrial Electronics Group Limited
(01710) said the group is expected to record a loss attributable to equity holders of the
company of not more than HK$20 million for the year ending 31 December 2021 as compared to
a profit attributable to equity holders of the company of HK$28.9 million for the
corresponding period of 2020.
The expected loss was mainly due to (1) the group's revenue growth has been undermined
by severe disruption of global supply chains and material shortages, affecting its ability
to meet customers' demands; (2) soaring material costs due to prolonged shortage of key
components worldwide; (3) escalating freight and transportation charges driven by
container shortages and COVID-19 control measures taken by governments around the world;
(4) higher direct labour costs as a result of the re-arrangement of production activities
following the electricity rationing in Guangdong province, the People's Republic of China
and unstable supply of materials; and (5) increase in overall operating costs derived from
the appreciation of Renminbi. (RC)