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| Tuesday, 25 October 2016, 01:00 HKT/SGT | |
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Source: Tongda Group | |
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| Recorded a 49% y-o-y Growth in Turnover for the Third Quarter of 2016 |
HONG KONG, Oct 25, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda Group" or the "Group") (stock code: 698) has presented the unaudited operating performance for the nine months ended 30 September 2016.
During the period, the growth mainly attributed to the Group's handset business, and the revenue from handset customers of the largest 5 customers for the third quarter increased significantly by 157% year-on-year. The turnover of the Group amounted to approximately HK$5.39 billion, among which the turnover for the third quarter increased by 49% year-on-year to HK$2.15 billion.
During the third quarter, the metal handset casings orders from the Group's key customers increased. The major handset models produced by the Group include Oppo R9, Honor NOTE8, Huawei Nova, Huawei P9 Lite, Honor 5C, Maimang 5, Honor V8, Asus Zenfone 3, Asus Zenfone 3 Deluxe, Asus Zenfone 3 Ultra, Redmi NOTE4, Redmi 3, Redmi NOTE3, Mi Max and Coolpad Fengshang Max.
The Group's Liquid Silicone Rubber ("LSR") and precision rubber parts have provided reputable international brands with bulk supply. In addition, during the period, the Group has succeeded in developing the 3D glass casings, which could also be supplied with the Group's metal middle supporting frames, and are expected to further raise the unit price of its products.
Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, "Looking ahead, the Group is optimistic about the business outlook for the fourth quarter. We will stay focus on the one-stop solution of cost-effective R&D and extraordinarily featured casings, in order to bring satisfactory return to the shareholders and investors."
Contact:
Strategic Financial Relations Limited
Vicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk
Angel Li Tel: +852 2864 4859 Email: angelok.li@sprg.com.hk
Angela Wong Tel: +852 2114 4953 Email: angela.wong@sprg.com.hk
Fax: +852 2527 1196
Website: www.sprg.com.hk
Topic: Earnings
Source: Tongda Group
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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