TC

23/03/2018 14:03

FIT Hon Teng (6088) year net up 7% to US$180m; div HK5.5 cts

    FIT Hon Teng (06088) said its profit attributable to owners for the year ended 31 December 2017 rose 7.1% year-on-year to US$180 million.
  Basic and diluted earnings per share were US2.95 cents and US2.81 cents.
  Revenue amounted to US$3,399 million, an increase of 18% from a year earlier.
  Gross profit grew 16.1% to US$569 million in 2017, primarily due to the revenue increase. Gross profit margin decreased from 17% in 2016 to 16.8% in 2017, primarily due to a change in revenue mix, with lower margin businesses, namely, the mobile and wireless segment, accounting for a higher percentage in 2017 compared to 2016.
  The proposed final dividend is HK5.5 cents (2016: HK4.7 cents) per share.

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