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Karin Tech posts 77% fall in 1H earnings to HK$3.2 mil

Samantha Chiew
Samantha Chiew • 2 min read
Karin Tech posts 77% fall in 1H earnings to HK$3.2 mil
SINGAPORE (Feb 12): Karin Technologies announced 1H18 earnings dropped 73.9% to HK$3.23 million ($0.55 million), compared to HK$14.1 million in 1H17.
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SINGAPORE (Feb 12): Karin Technologies announced 1H18 earnings dropped 73.9% to HK$3.23 million ($0.55 million), compared to HK$14.1 million in 1H17.

Revenue for the six months ended Dec was HK$1.05 billion, 11.7% more than HK$943.5 million in the same period last year.

Revenue from the group’s components distribution segment was 3.1% higher at HK$455.2 million, from HK$441.6 million, mostly due to rise in demand for certain electronic components for smartphones and wireless application devices.

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