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| Wednesday, 27 April 2016, 20:15 HKT/SGT | |
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Source: Tongda Group | |
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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
Topic: Press release summary
Source: Tongda Group
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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