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Skyworth Digital posts HK$1.27-bln net profit for FY ended Mar

Jun. 28, 2012 (China Knowledge) - Skyworth Digital Holdings Ltd<0751>, one of the top three TV manufacturers in China, has announced that its net profit fell 1.0% YoY to HK$1.27 billion in the fiscal year ended Mar. 31, 2012.

The company proposed a final dividend of 10 HK cents, bringing its fully-year dividend to 15.5 HK cents.

The company's gross profit jumped 27.7% YoY to HK$5.96 billion, with gross profit margin rising 2 percentage points to 21.2% in the period.

Skyworth Digital saw its turnover grew 15.6% YoY to HK$28.14 billion, of which 88.1% was from the mainland China market.

Sales volume of TVs reached 9.25 million units in the fiscal year. The company expected its TV sales to hit 10 million units in the fiscal year ended Mar. 31, 2013.

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