Summary by Moomoo AI
For the six months ended September 30, 2024, vtech holdings' revenue decreased by 4.5% to 1 billion 89.7 million USD, mainly due to a decline in revenue from the usa, europe, and the asia-pacific region. Shareholders' profit attributable to shareholders dropped by 6.6% to 87.4 million USD, with basic earnings per share decreasing by 6.5% to 34.6 USD cents. The board of directors announced an interim dividend of 17.0 USD cents per ordinary share, unchanged from the same period last year.
Management pointed out that the revenue decline was mainly due to a drop in sales in the usa and europe markets, particularly in telecommunications products and contract manufacturing services. Despite an increase in gross margin from 28.5% to 31.5%, the integration of GST Communications GmbH's assets led to a...Show More