Written by The Edge
Friday, 13 August 2010 10:32
Combine Will International Holdings, the China-based manufacturer of plastic and die-cast products that include boutique giftware and household products, says for the six months ended 30 June 2010 (1HY2010) it posted a 246% rise in net profit to HK$50.7 million ($8.9 million) versus HK$14.7 million for 1HFY2009.
Revenue rose 91% to HK$814.8 million compared to HK$425.9 million with the successful introduction of new products. ODM/OEM revenue increased by HK$185 million or 127.1% y-o-y. On the other hand, its Moulds and Toolings revenue decreased by HK$1.7 million or 2.9% while Machine Sales revenue increased by HK$29.6 million or 164.3%.
Combne Will says due to the large business increase from the ODM/OEM business, all Asia, North America and Europe markets have reported significant increase in terms of sales. This is especially for North America. The increases are HK$78.4 million or 553.6% increase in North America, HK$114.4 million or 69.6% increase in Asia and HK$20.1 million or 44.2% in Europe respectively.
Dividend : None
