Last $0.38 HKD
Change Today +0.005 / 1.33%
Volume 4.0K
2662 On Other Exchanges
Symbol
Exchange
Hong Kong
Berlin
As of 4:01 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

fittec international group (2662) Snapshot

Open
$0.38
Previous Close
$0.38
Day High
$0.38
Day Low
$0.38
52 Week High
10/8/13 - $0.61
52 Week Low
07/24/13 - $0.25
Market Cap
368.0M
Average Volume 10 Days
65.6K
EPS TTM
$-0.21
Shares Outstanding
968.4M
EX-Date
11/15/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FITTEC INTERNATIONAL GROUP (2662)

Related News

No related news articles were found.

fittec international group (2662) Related Businessweek News

No Related Businessweek News Found

fittec international group (2662) Details

Fittec International Group Limited, an investment holding company, provides electronics manufacturing services to the printed circuit board (PCB) assembly industry primarily in Japan, Taiwan, and the People’s Republic of China. The company assembles and procures materials for various electronics products, including hard disk drive controllers, mobile LCD controllers, PC motherboards, notebooks, netbooks, HTPC, LED TV main boards, car audio and video boards, backlights, and other electronics component products. Its products and services also include main boards for DVD and CD players; and main boards for printers and MPEG/digital boards. In addition, the company provides production solutions comprising material procurement, production process design, PCB assembly and testing, quality control and supply chain management, packaging and delivery, and after-sales services; and repair and maintenance services. It markets its products to various companies in the consumer electronics products and components markets. The company is based in Yuen Long, Hong Kong. Fittec International Group Limited is a subsidiary of Fittec Holdings Limited.

2,919 Employees
Last Reported Date: 03/27/14

fittec international group (2662) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $3.1M
Executive Director and Member of Remuneration...
Total Annual Compensation: $2.6M
General Manager of Sales & Marketing and Exec...
Total Annual Compensation: $272.0K
Compensation as of Fiscal Year 2013.

fittec international group (2662) Key Developments

Fittec International Group Limited Provides Earnings Guidance for the Year Ended June 30, 2014

Fittec International Group Limited provided earnings guidance for the year ended June 30, 2014. For the year, The group is anticipated that the group will record a greater loss attributable to the owners of the company as compared with the loss attributable to owners of the company for the corresponding year in 2013. The anticipated increase in loss was primarily due to decrease in the turnover and gross profit margin in the computer motherboard and hard disk drive controller business, which is mainly attributable to weakening global demand of computer motherboard and hard disk drive which are the key products of the group; the increase in the cost of raw materials and labour in China; the continual slow growth of the global economy and the economic downturn of the United States of America, the European countries and Japan which prolonged the refresh cycles for PCs; the impairment loss for the property, plant and equipment in relation to the Vietnam Factory, which will be subject to further impairment based on the estimated damage assessment when available; and a once-off other income of HKD 37 million received in 2012/13 from the settlement of the final installment of insurance as a result of the damages incurred from the Thailand flooding.

Fittec International Group Limited. Reports Unaudited Consolidated Earnings Results for the Six Months Ended 31 December 2013

Fittec International Group Limited. reported unaudited consolidated earnings results for the six months ended 31 December 2013. For the period, the company reported revenue of HKD 557,271,000 compared to HKD 604,456,000 a year ago. Loss before tax was HKD 147,505,000 compared to income before tax of HKD 7,535,000 a year ago. Loss for the period attributable to owners of the company was HKD 147,505,000 or HKD 0.15 basic and diluted per share compared to profit for the period attributable to owners of the company of HKD 7,535,000 or HKD 0.01 basic and diluted per share a year ago. Net cash used in operating activities was HKD 18,012,000 compared to net cash from operating activities of HKD 9,223,000 a year ago. Purchase of property, plant and equipment was HKD 2,123,000 compared to HKD 6,482,000 a year ago. The revenue decrease of 7.8% in the first half of fiscal year 2014 is due to the decrease the hard disk drive (``HDD'') orders which include a large amount of Procurement income, reduction orders of Notebook motherboard of a Korea customer and decrease in global demand of desktop motherboard.

Fittec International Group Limited. Provides Earnings Guidance for the Six Months Ended December 31, 2013

Fittec International Group Limited. provided earnings guidance for the six months ended December 31, 2013. For the period, the company is anticipated that the group will record a loss attributable to the owners of the company as compared with the profit attributable to owners of the company for the corresponding period in 2012. The anticipated loss was primarily due to decrease in the turnover and gross profit margin in the computer motherboard and hard disk drive controller business, which is believed to be mainly attributable to (i) weakening global demand of computer motherboard and hard disk drive which are the key products of the group; (ii) the increase in the cost of raw materials and labour in China; (iii) the continual slow growth of the global economy and the economic downturn of the United States of America, the European countries and Japan which prolonged the refresh cycles for PCs; (iv) the appreciation of Renmibi; the group have made impairment losses for its property, plant and equipment; and a once-off other income of HKD 37 million was received in 2012 from the settlement of the final installment of insurance due to the damages incurred from the Thailand flooding.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
2662:HK $0.38 HKD +0.005

2662 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for 2662.
View Industry Companies
 

Industry Analysis

2662

Industry Average

Valuation 2662 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FITTEC INTERNATIONAL GROUP, please visit www.fittec.com.hk. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.