Last checked at 3 Dec 2015 10:54
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: +852 2389 3256
Stephen Koo, Chairman www.uvel.com
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director +44 (0) 7769 906686
ZAI Corporate Finance Limited
(Nominated Adviser and Broker) Tel: +44 (0)20 7060 2220
Richard Morrison /Ivy Wang www.zaicf.com