|By ACN Newswire||
|December 11, 2012 09:20 PM EST||
Hong Kong, Dec 12, 2012 - (ACN Newswire) - United Pacific Industries Limited ("UPI" or the "Group", Stock Code: 00176.hk), a world-class tools and electronics manufacturer, today announces its consolidated annual results for the year ended 30 September 2012 (the "Year").
During the Year, UPI achieved revenues of HK$1,468.6 million, up 15% compared to the previous year (2011: HK$1,277.0 million). Profit attributable to owners of the company soared 61% to HK$60.6 million when compared to last year (2011: HK$37.7 million). Earnings per share were 6.20 HK cents, representing an increase of 61% over last year (2011: 3.86 HK cents).
Given the good performance and substantial net cash balance, the Group's Board of Directors recommended the payment of a final dividend of 1.0 HK cent per ordinary share for the year ended 30 September 2012 (2011 final dividend: Nil). Together with the interim dividend of 0.5 HK cent per share, the total dividends for the year ended 30 September 2012 were 1.5 HK cents per share (Dividends for the year end 30 September 2011: Nil).
The Group recorded revenue for the Year of HK$1,468.6 million, of which 41.3% was from the tools division (2011: 46.0%); 24.2% from the contract manufacturing division (2011: 26.1%); 13.6% from the consumer electronics division (2011: 6.2%); 12.3% from the precision measurement division (2011: 12.5%); and 8.6% from the magnetic technologies division (2011: 9.2%).
In the contract manufacturing division, Pantene Group delivered excellent sales of HK$355.4 million during the Year, representing a 6.8% increase compared to the previous year (2011: HK$332.8 million). Sales shortfalls resulting from reducing demand levels from certain existing customers were offset by securing orders from new customers. In addition, the Group was successful in passing on price increases to customers via the renegotiation of selling prices, controlling expenditure and implementing productivity improvements. In view of the global economic slowdown, UPI will continue to explore new business opportunities by proactive sales and marketing activity and will take all measures to further streamline operational efficiency.
Sales generated from the magnetic technologies division increased 7.2% to HK$127.2 million compared to the previous year (2011: HK$118.7 million). Thanks to new product introduction during the Year, all product groups showed growth in the UK market. The new "Boilermag" domestic filtration unit was launched in the UK in August to extremely positive market feedback and UPI has high expectations for this product in 2013. The division has established a good platform for further growth with a pipeline of new products and by the establishment of distribution networks within Asia and the Eastern Europe market.
Sales in the precision measurement division increased 12.7% to HK$185.6 million compared to last year (2011: HK$164.6 million). This increase was driven by growth in the UK, Germany, China and India. During the Year, core products such as the Bowers 3-point bore gauge and Baty Non-contact Vision Systems reported excellent sales, reflecting the huge demand for high quality measuring instruments by equipment manufacturers. Long lead times on product sourced from China and India, together with the implementation of a new SAP ERP system adversely affected the division but the division started to see benefits from the new system in the second half of the year. In addition, the Bowers MicroGauge was launched during the Year which received an excellent response at two main tradeshows in Germany and USA. The division will continue to focus on sales to the automotive, aerospace and energy sectors.
In the consumer electronics division, the sales revenues of Alford Industries increased 1.5 times to HK$199.4 million compared to the previous year (2011: HK$79.6 million) despite severe market competition. Significantly, the division returned to profitability after sustaining losses in the prior year. This encouraging result was attributable to substantially improved sales of baby monitors in North America. Two new baby monitors with a 3.5" and 2.7" screen and the "Boom Cube", a keychain speaker for use on mobile devices and PCs, were launched, which contributed an additional HK$48 million to sales during the Year.
Revenues in the tools division improved 3.4% to HK$609.0 million during the Year (2011: HK$589.0 million). Overseas markets where Spear & Jackson and Eclipse Tools have presence bounced back and were 22% ahead of the previous year. UK and French garden product sales were affected by poor spring and summer weather in Europe. In addition, hacksaw blade sales shortfalls resulting from manufacturing problems in the PRC, now corrected, were compensated by good trading results from the French arm of the division.
As at 30 September 2012, UPI has a strong financial position with a net cash balance of HK$79.6 million, an increase of 124% over last year (2011: HK$35.5 million). The Group's gearing ratio calculated as net debt to total equity was Nil (as at 30 September 2011: Nil).
About United Pacific Industries Limited
United Pacific Industries Limited ("UPI", "the Group") is a diversified holding company which has been listed on the Hong Kong Stock Exchange since 1994. Its principal operations are in tools, magnetic technologies, precision measurement, consumer electronics and contract electronic manufacturing. The Group has its core operating subsidiaries in the United Kingdom, France, Australia, New Zealand, Canada and the PRC and its products are sold in more than 100 countries around the world.
For more information on UPI, please visit its website at www.upi.com.hk.
Source: United Pacific Industries Limited
Quam IR Ms Anita Wan Tel: (852) 2217-2811 E-mail: [email protected] Ms Sharon Au Tel: (852) 2217-2812 E-mail: [email protected] Ms Venus Lam Tel: (852) 2217-2813 E-mail: [email protected]
Copyright 2012 ACN Newswire. All rights reserved.
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 10:45 PM EDT Reads: 394
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 09:45 PM EDT Reads: 2,990
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 08:45 PM EDT Reads: 2,157
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 08:45 PM EDT Reads: 3,385
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 26, 2016 08:30 PM EDT Reads: 1,591
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 08:00 PM EDT Reads: 2,897
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,614
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,729
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,621
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,037
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 26, 2016 03:30 PM EDT Reads: 1,567
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 26, 2016 03:00 PM EDT Reads: 1,561
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 26, 2016 02:45 PM EDT Reads: 2,639
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 26, 2016 02:00 PM EDT Reads: 1,721
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 26, 2016 01:45 PM EDT Reads: 2,595
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 26, 2016 01:30 PM EDT Reads: 1,188
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 26, 2016 01:00 PM EDT Reads: 1,644
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 26, 2016 12:45 PM EDT Reads: 3,436
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 26, 2016 12:45 PM EDT Reads: 1,753
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 26, 2016 12:15 PM EDT Reads: 1,683