HONG KONG, April 10, 2014 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) announces its unaudited monthly sales performance in March and for the first three months of 2014.
In March 2014, the Group recorded monthly revenue of HK$366.2 million from AV products, up 77.8% year-on-year.For the first three months of 2014, the Group recorded monthly revenue of HK$979.1 million from audio-visual ("AV") products, up 58.3% year-on-year.
The unaudited monthly sales revenue for video disc players increased by 34.0% to HK$185.9 million, while that for the first three months of 2014 increased by 15.3% year-on-year to HK$449.6 million.
The unaudited monthly sales revenue for audio products grew by 84.7% year-on-year to HK$122.0 million in March 2014 and that for the first three months of 2014 increased by 47.0% year-on-year to HK$328.4 million.
The unaudited monthly sales revenue for media boxes surged by 4,899.4% year-on-year to HK$58.2 million in March 2014 and that for the first three months of 2014 increased by 3,817.5% year-on-year to HK$201.1 million.
The Group will continue to gradually develop a diversified product portfolio with audio products and media boxes as the focus. Looking ahead, the Group will continue to solidify its leading position in the global AV product market, and will use its advantage on supply chain and R&D to maximize value for its customers and shareholders.
| Unaudited Sales Revenue (HK$'000) | Mar-14 | Mar-13 | YoY Change | Jan- Mar 14 | Jan- Mar 13 | YoY Change |
| (%) | (%) | |||||
| Video disc players | 185,920 | 138,772 | +34.0% | 449,592 | 389,841 | +15.3% |
| Audio Products | ||||||
| -- Traditional audio products | 63,338 | 42,640 | +48.5% | 171,419 | 170,009 | +0.8% |
| -- New audio products | 58,699 | 23,419 | +150.6% | 156,951 | 53,409 | +193.9% |
| Subtotal | 122,037 | 66,059 | +84.7% | 328,370 | 223,418 | +47.0% |
| Media boxes * | 58,243 | 1,165 | +4,899.4% | 201,123 | 5,134 | +3,817.5% |
| Total | 366,200 | 205,996 | +77.8% | 979,085 | 618,393 | +58.3% |
* 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.
