In FY2022 ended March, Valuetronics reported earnings of HK$113.5 million ($20.32 million), down 39.3% y-o-y from HK$187.1 million recorded in the preceding FY2021. Revenue was down 11.1% y-o-y to HK$2.02 billion.
The provider of manufacturing services for consumer gadgets Valuetronics Holdings has been steadily buying back its own shares. The most recent transaction was on July 12 for the acquisition of 80,000 shares on the open market at 52.5 cents each. This brings the cumulative number of shares acquired under the current mandate to around 7.82 million shares, equivalent to 1.8% of its issued shares.
Before this, the company has been buying back shares every few days or so since May.
