RNS - 16/9/1017 Sep 2010 13:43
Interim Results
China Shoto plc, a leading Chinese battery producer and the largest supplier of back-up batteries to China's telecommunications operators, announces interim results for the six months ended 30 June 2010.
Highlights
1. Profit before tax up 1.3% to £6.48m (H1 2009: £6.40m)
2. Substantial cost-control benefits: distribution and administrative expenses down by 38% to £13.7m (H1 2009: £22.2m)
3. Maintained status as largest back-up battery supplier to China's telecoms market
4. Back-up battery sales into markets other than the telecoms sector accounted for 17% (H1 2009: 9%) of total back-up battery revenue
5. Successful development of two new series of battery for wide application in telecoms and e-bike markets: 12V (Narrow Type) and 16V (Power Type)