Trading Statement

RNS Number : 8803H

UniVision Engineering Ltd

03 December 2015

 



3 Dec 2015

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Trading update

UniVision, the AIM quoted, Hong Kong based designer and installer of digital surveillance and integrated security systems announces that it anticipates reporting a small loss compared to a profit of HKD2.4m for the same period last year due to the performance of its Taiwanese subsidiary.

UniVision owns a 52.25% interest in T-Com Technology Co. Ltd (T-Com), its Taiwanese subsidiary. T-Com recorded an operating loss during the six months ended 30 September 2015. It was mainly as a result of a 8 per cent decease in revenue and one-off liquidated damages of TWD4.8m (approx. HKD1.2m) paid to a local customer. The Group is implementing various effective measures to deal with the effect of decrease in revenue. Trading at the Group's main operating entity in Hong Kong remains profitable. The profit attributable to shareholders is also anticipated to be positive. 

Financial Information and other details of the Group will be disclosed in the announcement of Interim Results of the Group for six months ended 30 Sep 2015 which will be expected to be announced later this month.

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

(Nominated Adviser and Broker)                      Tel: [phone]  

Richard Morrison /Ivy Wang                                                               www.zaicf.com           

 

END

 

 

TSTLLFSIFRLVIIE