1433.HK

Cirtek's Financial Results in Second Half of FY2020 Demonstrate Significant Improvement, Sales of RFID Products Soars by 1.3 Times

星期二, 三月 30, 2021 - 5:35am

Despite adversities, the Group successfully achieved a turnaround; moving from a loss-making position as reported for its interim results to a profit-making position.

Key Points: 
  • Despite adversities, the Group successfully achieved a turnaround; moving from a loss-making position as reported for its interim results to a profit-making position.
  • The Group's business was inevitably affected, resulting in a year-on-year decrease in revenue of 26.5% to approximately HK$259.3 million.
  • Nonetheless, the Group's orders started to rebound in the second half year and showed improvement when compared with the first half year, narrowing the decline for the whole year.
  • In terms of products, sales of RFID products achieved the most handsome growth, achieving a year-on-year spike of 1.3 times, contributing HK$8.2 million in revenue.