Final Results for the year ended 31 March 2015

RNS Number : 8230Y

UniVision Engineering Ltd

11 September 2015

 

11 September 2015

Univision Engineering Limited

("UniVision" or the "Company")

Final Results for the year ended 31 March 2015

UniVision, the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announced its audited final results for the year ended 31 March 2015 yesterday. The full Annual Report and Accounts and Notice of AGM, to be held at UniVision Engineering Limited, Unit 01A, 2/F., Sunbeam Centre, 27 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong, on 8 October 2015 at 5:00 p.m., will shortly be posted to shareholders and is now available on the Company's website, www.uvel.com.

Highlights:

·    Turnover decreased by 24.2% to £6.7m (2014: £8.9m);

·    Gross profit margin increased to 27.2% (2014: 25.9%);

·    Net cash generated from operating activities £368K (2014: £548K);

·    Current ratio decreased to 1.6 (2014: 2.6);

·    Profit before income tax was £130K (2014: £2.9m). Gain from forgiveness of debts of £2.5m in 2014;

·    Basic earnings per share were to 0.02p (2014: 0.74p),and

·    Proposed final dividend HK0.39 cents (approx. 0.034 pence) per share.

     (2014: HK0.31 cents)

For further information visit www.uvel.com or contact:

UniVision Engineering Limited                                     Tel: [phone]

Stephen Koo, Chairman                                                          www.uvel.com

Chun Pan Wong, Chief Executive Officer 

Danny Kwok Fai Yip, Finance Director

Nicholas Lyth, Non-Executive Director                             [phone]

ZAI Corporate Finance Limited                          Tel: [phone]  

(Nominated Adviser and Broker)                                        www.zaicf.com

Richard Morrison                                

 

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