Shares & Derivatives
6 Highlights From Techtronic Industries Co Ltd’s Latest Earnings
By Value Invest Asia  •  July 7, 2021
Just over a year ago, I did a deep dive into Techtronic Industries Co. Ltd (“TTI”) (HKG:0669). The maker of power tools and accessories saw a resurgence in demand for its Do-It-Yourself (DIY) tools and outdoor products, as consumers were stuck at home due to the raging Covid-19 pandemic. Fast forward to today, TTI has announced that 2020 was as an outstanding year with exceptional revenue and profit growth. Here are 6 interesting facts about the group’s latest earnings that investors should know about. 1. Record sales and net profit TTI reported sales of US$9.8 billion in 2020, representing a full-year organic sales growth of over US$2.1 billion or 28.0% from the previous financial year. In fact, second-half sales grew an exceptional 42.3%, outpacing the market. Meanwhile, net profit grew 30.2% from US$615 million in 2019 to US$801 million in 2020. The group believes that increased strategic investment in new product,...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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