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Apr 27, 2016 21:15 JST

Source: Tongda Group

Tongda Group Recorded Approximately 16.7% Growth in Turnover for the Three Months ended 31 March 2016

HONG KONG, Apr 27, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda" or the "Group") (Stock Code: 698) has presented the operating position for the three months ended 31 March 2016.

Revenue derived from sales to the largest five customers during the period ended 31 March 2016 and 2015 amounted to approximately HK$872 million and HK$718 million respectively, which represented approximately 62% and 60% of the total revenue respectively.

During the period, the Group's turnover increased from approximately HK$1.2 billion to HK$1.4 billion, representing an approximately 16.7% increment. The increase in the contribution from the handset segment was offset by the decrease in the orders from customers of electrical appliances and set-top boxes. The automotives interior decorative parts business and the precision rubber parts business recorded good progress.

Compared with the corresponding period in 2015, the metal handset casings orders from key customers increased. The major handset models produced by the Group include Huawei Maimang 4, OPPO A53 and R9, Xiaomi Redmi 3, Redmi Note 3 and Xiaomi 4c, Qiku Youth Edition and Flagship Edition, Coolpad Fengshang max and iVVi i3.

Contact:
Strategic Financial Relations Limited
Vicky Lee    Tel:  2864 4834  Email: vicky.lee@sprg.com.hk
Angela Ng    Tel:  2864 4855  Email: angela.ng@sprg.com.hk
Angel Li     Tel:  2864 4859  Email: angelok.li@sprg.com.hk
Angela Wong  Tel:  2114 4953  Email: angela.wong@sprg.com.hk
Fax: 2527 1196
Website: www.sprg.com.hk
Source: Tongda Group
Sectors: Daily Finance, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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