Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


United Pacific Industries Profit Attributable to Owners of the Company Up 61% to HK$60.6 Million

Excellent Organic Growth Achieved, Supported by Increasing Sales

Hong Kong, Dec 12, 2012 - (ACN Newswire) - United Pacific Industries Limited ("UPI" or the "Group", Stock Code: 00176.hk), a world-class tools and electronics manufacturer, today announces its consolidated annual results for the year ended 30 September 2012 (the "Year").

During the Year, UPI achieved revenues of HK$1,468.6 million, up 15% compared to the previous year (2011: HK$1,277.0 million). Profit attributable to owners of the company soared 61% to HK$60.6 million when compared to last year (2011: HK$37.7 million). Earnings per share were 6.20 HK cents, representing an increase of 61% over last year (2011: 3.86 HK cents).

Given the good performance and substantial net cash balance, the Group's Board of Directors recommended the payment of a final dividend of 1.0 HK cent per ordinary share for the year ended 30 September 2012 (2011 final dividend: Nil). Together with the interim dividend of 0.5 HK cent per share, the total dividends for the year ended 30 September 2012 were 1.5 HK cents per share (Dividends for the year end 30 September 2011: Nil).

The Group recorded revenue for the Year of HK$1,468.6 million, of which 41.3% was from the tools division (2011: 46.0%); 24.2% from the contract manufacturing division (2011: 26.1%); 13.6% from the consumer electronics division (2011: 6.2%); 12.3% from the precision measurement division (2011: 12.5%); and 8.6% from the magnetic technologies division (2011: 9.2%).

In the contract manufacturing division, Pantene Group delivered excellent sales of HK$355.4 million during the Year, representing a 6.8% increase compared to the previous year (2011: HK$332.8 million). Sales shortfalls resulting from reducing demand levels from certain existing customers were offset by securing orders from new customers. In addition, the Group was successful in passing on price increases to customers via the renegotiation of selling prices, controlling expenditure and implementing productivity improvements. In view of the global economic slowdown, UPI will continue to explore new business opportunities by proactive sales and marketing activity and will take all measures to further streamline operational efficiency.

Sales generated from the magnetic technologies division increased 7.2% to HK$127.2 million compared to the previous year (2011: HK$118.7 million). Thanks to new product introduction during the Year, all product groups showed growth in the UK market. The new "Boilermag" domestic filtration unit was launched in the UK in August to extremely positive market feedback and UPI has high expectations for this product in 2013. The division has established a good platform for further growth with a pipeline of new products and by the establishment of distribution networks within Asia and the Eastern Europe market.

Sales in the precision measurement division increased 12.7% to HK$185.6 million compared to last year (2011: HK$164.6 million). This increase was driven by growth in the UK, Germany, China and India. During the Year, core products such as the Bowers 3-point bore gauge and Baty Non-contact Vision Systems reported excellent sales, reflecting the huge demand for high quality measuring instruments by equipment manufacturers. Long lead times on product sourced from China and India, together with the implementation of a new SAP ERP system adversely affected the division but the division started to see benefits from the new system in the second half of the year. In addition, the Bowers MicroGauge was launched during the Year which received an excellent response at two main tradeshows in Germany and USA. The division will continue to focus on sales to the automotive, aerospace and energy sectors.

In the consumer electronics division, the sales revenues of Alford Industries increased 1.5 times to HK$199.4 million compared to the previous year (2011: HK$79.6 million) despite severe market competition. Significantly, the division returned to profitability after sustaining losses in the prior year. This encouraging result was attributable to substantially improved sales of baby monitors in North America. Two new baby monitors with a 3.5" and 2.7" screen and the "Boom Cube", a keychain speaker for use on mobile devices and PCs, were launched, which contributed an additional HK$48 million to sales during the Year.

Revenues in the tools division improved 3.4% to HK$609.0 million during the Year (2011: HK$589.0 million). Overseas markets where Spear & Jackson and Eclipse Tools have presence bounced back and were 22% ahead of the previous year. UK and French garden product sales were affected by poor spring and summer weather in Europe. In addition, hacksaw blade sales shortfalls resulting from manufacturing problems in the PRC, now corrected, were compensated by good trading results from the French arm of the division.

As at 30 September 2012, UPI has a strong financial position with a net cash balance of HK$79.6 million, an increase of 124% over last year (2011: HK$35.5 million). The Group's gearing ratio calculated as net debt to total equity was Nil (as at 30 September 2011: Nil).

About United Pacific Industries Limited

United Pacific Industries Limited ("UPI", "the Group") is a diversified holding company which has been listed on the Hong Kong Stock Exchange since 1994. Its principal operations are in tools, magnetic technologies, precision measurement, consumer electronics and contract electronic manufacturing. The Group has its core operating subsidiaries in the United Kingdom, France, Australia, New Zealand, Canada and the PRC and its products are sold in more than 100 countries around the world.

For more information on UPI, please visit its website at www.upi.com.hk.

Source: United Pacific Industries Limited

Contact:

Quam IR 
Ms Anita Wan    Tel: (852) 2217-2811 	E-mail: anita.wan@quamgroup.com 
Ms Sharon Au 	Tel: (852) 2217-2812   	E-mail: sharon.au@quamgroup.com  
Ms Venus Lam	Tel: (852) 2217-2813	E-mail: venus.lam@quamgroup.com





Copyright 2012 ACN Newswire. All rights reserved.

About ACN Newswire
Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
With Octoblu emerging from stealth mode, it seemed like a good idea to talk to a couple of key people there. We were able to do just that with company co-founders Geir Ramleth and Chris Matthieu. Geir Ramleth serves as CEO. He was named to CIO Magazine's Hall of Fame in 2008, and ser...
I had a fun conversation with Mark Van Rijmenam (@VanRijmenam) a couple of weeks ago about cloud computing, Big Data, and the IoT. Mark runs BigData-Startups.com in Den Haag, Netherlands. We were mutually amused that he had chosen the name Think Bigger for his new book just as I had ch...
If you listen to the persistent murmur in the market surrounding the Internet of Things right now, you'd believe that it's all about sensors. Sensors and big data. Sensors that monitor everything from entertainment habits to health status to more mundane environmental data about your h...
“Vote early and vote often.” Back in the 1920s and ’30s, when neither election technology nor oversight were as effective as they are today, and the likes of Al Capone were at work gaming the system, this phrase wasn’t a joke. It was a best practice. If you want guaranteed results, wh...
A key development for the Internet of Things will be the evolution and emergence of the ‘Cloud Name System’, a directory system for Cloud applications in the same way DNS (Domain Name System) works for the web and email. Lori MacVittie wrote a while back about the need for an ‘SNS’ ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE