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Karin Technology 2Q has a profit surge

Vincent Chia

Karin Technology Holdings Limited announced its 2Q results. 1H revenue was down 5.9% year-on-year to HK$ 1,545 million while 1H PATMI was up 71.9% year-on-year to HK$ 31.8million. The results were attributed to higher gross margin which improved from 6.6% to 9.6%. This was due to higher gross margins from its Consumer Electronics Products segments due to a shortage of certain products. Going forward, Karin Technology is optimistic about its full year performance. The Consumer Electronics Products segment is releasing several highly anticipated new products.

GET TO THE POINT : Good to be able to ride a supply crunch and make more profit.

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