Sunway releases half-yearly results

Electronic-products producer Sunway has announced that, for the six months ended 31 March 2010, consolidated turnover was HKD398.5m (£35.3m) – a decrease of seven per cent compared with HKD428.3m in the corresponding period last year.

Gross profit for the period was HKD11.4 with gross profit margin of 2.9 per cent, compared with the previous six months’ 4.9 per cent.

The group reported a net loss of HKD37.9 for the period – a decrease of 60.5 per cent compared with HKD96m in the corresponding period last year.