LED International Holdings Ltd. reported a much lower first-half pretax profit, as the company did not take up certain 'high-margin' orders due to the consolidation and moving of its key production plants in Shenzhen, China.
T
he LED screen maker posted a pretax profit of about HK$2.62 million for the six months to Dec. 31, 2007, compared with about HK$13.68 million in 2006, on revenues of about HK$46.61 million, down from HK$55.48 million.
The company said that the fall in revenues was also due to the delay in completion of a major contract worth over HK$22 million from a major Hong Kong-based real-estate developer.
However, LED International said it hopes to achieve a 'stronger growth' of business and to cement its 'leading' position in the LED sector.
