Light Industry: Skyworth's profit plunges 43%
(Shanghai Daily)
Updated: 2006-07-24 16:46
Leading Chinese TV maker Skyworth Digital Holdings Ltd's fiscal 2006 net
profit plunged 43 percent, it said today, about a dozen days after its founder
and brother each got six-year jail terms for conspiring to embezzle company
funds, the Associated Press reported.
Net profit for the year ending March 31 was HK$216 million (US$27.8 million),
compared to HK$376 million in the previous fiscal year, Skyworth said.
Revenue rose to HK$10.7 billion from HK$10.47 billion.
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