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Willas-Array suffers 37% drop in profit

Published on May 30, 2014 9:34 PM

Willas-Array Electronics (Holdings) said its net profit fell by 36.7 per cent to HK$29 million (S$4.7 million).

This was despite a 1.2 per cent rise in revenue to HK$3.2 billion for the year ended March 31.

It was a tale of two halves.

Revenue dropped by 2.3 per cent in the first six months which was primarily due to the gradual transfer of Toshiba-related business to GW Electronics Company, commencing January 2013.

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