[ET Net News Agency, 21 September 2021] VTech Holdings Limited (00303) said the group
expects to report a 35% to 40% decrease in profit attributable to shareholders of the
company for the six months ended 30 September 2021, as compared with the reported profit
of US$123.6 million for the corresponding period in 2020.
The decline in profit was mainly due to a drop in gross profit margin arising from (1)
significant increase in costs; and (2) decreases in sales of electronic learning products
and telecommunication products. (RC)