Fujikon Industrial (00927) said its profit attributable to equity holders for the year ended 31 March 2017 dropped 75.4% year-on-year to HK$2.77 million.
Basic and diluted earnings per share were HK0.7 cent.
Revenue amounted to HK$1,155 million, a decrease of 0.4% from a year earlier. Gross profit margin dropped 1.2 percentage points to 16.1%.
The decline in financial performance was mainly due to a drop in the overall gross profit margin, which was the result of the change in combination of products sold; significant decline in handling income; and rise in cost of sales, mainly resulting from an increase in the provision for obsolete stock.
The Board recommended a final dividend of HK5 cents (2016: HK5 cents) and a special final dividend of HK2 cents (2016: Nil) per share, payable on 5 September 2017.
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