WILLAS-ARRAY Electronics reported a loss attributable to owners of HK$18.96 million for the year ended March 31, compared to a profit of HK$111.96 million the year before, in its results release on Wednesday.
Gross profit was down 17.2 per cent at HK$327.5 million, though gross profit margin edged up to 8.9 per cent from 8.7 per cent previously. The company said that despite the weaker performance this financial year, it"remains confident in the sustainability of its business as well as the longer-term prospects of its industry".
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