Willas-Array Electronics Expects Return to Profit in H1
MT Newswires Live
Aug 04
Willas-Array Electronics (HKG:0854, SGX:BDR) expects to post a consolidated net profit of between HK$15 million and HK$25 million for the six months ended June 30, compared with a net loss of HK$78.6 million a year earlier, according to an Aug.1 Hong Kong bourse filing.
The improvement was mainly attributed to better gross margins, reversal of trade receivable impairments, and a write-back of inventory allowances.
Final results are expected in mid-August.
The company's Hong Kong shares rose nearly 1% in Monday morning trade.
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