In addition, higher interest rates allowed Velutronics to earn higher interest income.
Valuetronics Holdings has reported revenue of HK$862.1 million, down 3.3% y-o-y, no thanks to lower volume from its consumer electronics segment.
Even though, earnings in the same period increased by 10.2% y-o-y to HK$90.5 million, thanks to lower material costs and a more profitable sales mix which led to better gross margins.

