VTECH ANNOUNCES 2011 MMI RATING
|Date: Apr.10. 2012|
VTech¡¯s Contract Manufacturing Division is moving up every Year in the MMI Ranks of EMS Providers, now being # 27 within the Top 50 EMS Providers Worldwide We are pleased to announce that the Manufacturing Marketing Insider publication's (MMI) Annual Survey for 2011 has ranked VTech CMS at #27 of the Top 50 EMS providers worldwide. This is an upgrading from last year's ranking of #29.
Lookup >>http://www.mfgmkt.com/index.html for more information.
Group revenue for the year ended 31 March 2011 rose by 11.8% over the previous financial year to US$1,712.8 million. Profit attributable to shareholders of the Company declined by 2.2% to US$202.0 million. The decline in profit was mainly attributable to the decrease in gross margin, as the Group faced higher costs of materials, rising labour costs, Renminbi appreciation, increased promotional expenses and a change in product mix during the financial year.
We credit this frequent improvement of the VTech CMS Business to the continued support from our current customer base and our worldwide active business development team. We strive for superior quality ensuring consistent customer satisfaction.
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