Willas-Array

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Financial Results for the Year Ended March 31, 2018 ("FY2018")

Highlights :
1. The Group’s sales revenue from continuing operations increased by 17.3% to HK$4,556.4 million
2. The revenue growth was driven by the double-digit increase in sales from the Group’s Industrial, Home Appliance and Automotive segments
3. The Group’s gross profit margin increased from 8.2% in FY2017 to 8.7% in FY2018
4. As at March 31, 2018, the Group’s current ratio (current assets/current liabilities) was 1.31 (March 31, 2017: 1.27)
5. The inventory turnover days decreased from 2.0 months to 1.7 months
6. The net gearing ratio as at March 31, 2018 was 101.9% (March 31, 2017: 94.5%)
7. Net asset value per share was HK$9.38 as at March 31, 2018
8. The Board has recommended the payment of a final dividend of HK$0.42 per share
9. The Board has proposed to make a bonus issue of 1 new share for every 10 existing shares to the qualifying Shareholders, the Bonus Shares shall not be entitled to the Final Dividend.

More details in :
1. http://infopub.sgx.com/FileOpen/eWAE-201...eID=508481
2. http://infopub.sgx.com/FileOpen/eWAE-201...eID=508482

Willas-Array today closed at S$1.160 (-0.010).

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Positive Profit Alert

Willas-Array Electronics (Holdings) Limited announced that, based on the Board’s preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended September 30, 2021 ("1H FY2022"), it is expected that the Group is likely to record a consolidated net profit of between HK$39.0 million and HK$47.0 million for 1H FY2022 as compared to a consolidated net profit of approximately HK$22.4 million for the six months ended September 30, 2020 ("1H FY2021").

The expected increase in consolidated net profit for 1H FY2022 is mainly attributable to an improvement in gross profit margin compared with 1H FY2021 resulting from the persistent imbalance between the supply and demand of electronics components arising out of a global shortage of supply of electronic components.

Details of the unaudited financial results of the Group for 1H FY2022 (the "Interim Results") are expected to be published in mid-November 2021.

Source : https://links.sgx.com/1.0.0/corporate-an...0Alert.pdf