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Tonly Electronics (1249) Audio-visual Product Sales Revenue for the First Four Months of 2014 Amounted to HK$1,374.5 Million

2014-05-12 20:06
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HONG KONG, May 12, 2014 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in April and for the first four months of 2014.

In April 2014, the Group recorded monthly revenue of HK$395.4 million from AV products, up 33.5% year-on-year. For the first four months of 2014, the Group recorded monthly revenue of HK$1,374.5 million from audio-visual ("AV") products, up 50.3% year-on-year.

The unaudited monthly sales revenue for video disc players increased by 4.3% to HK$172.3 million in April, while that for the first four months of 2014 increase by 12.1% year-on-year to HK$621.9 million.

The unaudited monthly sales revenue for audio products grew by 16.2% year-on-year to HK$150.7 million in April 2014 and that for the first four months of 2014 increased by 35.7% year-on-year to HK$479.1 million.

The unaudited monthly sales revenue for media boxes surged by 5,694.8% year-on-year to HK$72.4 million in April 2014 and that for the first four months of 2014 increased by 4,185.1% year-on-year to HK$273.6 million.

The Group will transform and upgrade its business enterprisingly and continue to solidify its leading position in the AV product market. Meanwhile, it will also strive to develop a diversified product portfolio with audio products and media boxes. The Group hopes to expand its revenue scale rapidly in the next few years through specialized management, organic business growth, restructuring and M&A opportunities.

Unaudited Sales Revenue (HK$'000) Apr-14 Apr-13 YoY Change Jan- April 14 Jan- April 13 YoY Change
(%) (%)
Video disc players  172,291 165,159 4.3% 621,883 555,000 12.1%
             
Audio Products              
- Traditional audio products 72,566 114,371 -36.6% 243,985 284,380 -14.2%
- New audio products 78,132 15,326 409.8% 235,083 68,735 242.0%
Subtotal 150,698 129,697 16.2% 479,068 353,115 35.7%
             
Media boxes *  72,435 1,250 5,694.8% 273,558 6,384 4,185.1%
             
Total 395,424 296,106 33.5% 1,374,509 914,499 50.3%

* Media boxes includes OTT, which was categorized as video products in the previous press releases or result announcements.

Note: The above products do not cover all the business of the Group and the above figures do not fully reflect the business performance of the Group in the abovementioned period.

Source: Tonly Electronics Holdings Limited

Related stocks: HongKong:1249

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