Fittec Swings to H1 Profit Upon Heels of Sale
Published: 12 April 2019
by Mike Buetow
HONG KONG -- Fittec International reported fiscal first-half revenue of HK$187.2 million ($24 million) for the period ended Dec. 31.
The gross profit was HK$14.9 million, up from HK$13.6 million a year ago. The pretax profit was HK$2.8 million, up from a loss of HK$802,000. The EMS company swung to a net profit of HK$2.8 million from a loss of HK$802,000.
Fittec was once a Top 50 worldwide EMS company. It was reclassified for sale by Camsing International in April 2018 and sold to Lam Chi Ho Group for HK$140 million ($18 million) in November.
