VTech Announces Profit Rise and Increased Dividend

VTech Holdings (HK:0303) has released an update.

VTech Holdings Limited reported a 4.3% dip in group revenue to US$2,145.7 million for the financial year ending March 31, 2024, despite an improved gross profit margin of 29.6% and an 11.7% increase in profit attributable to shareholders, reaching US$166.6 million. The company also declared an increased full-year dividend of US65.0 cents per share, up 10.2% from the last year, and highlighted a strong financial position following the successful acquisition of Gigaset Communications GmbH assets.

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