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Chairman’s Statement

The Board of Directors, in its commitment to
observing a stable dividend payout policy, has
resolved to declare a final dividend of HK5 cents
(2016: HK30 cents) per share. This, combined
with an interim dividend of HK5 cents per share
already paid (2016: HK6 cents) represents a total
dividend of HK10 cents per share for the financial
year (2016: HK96 cents which includes a special
dividend of HK60 cents).

The final dividend will be paid on 13th September
2017 to the Group’s shareholders upon approval
at the upcoming Annual General Meeting.

REVIEW OF OPERATIONS

Over the past year, we once again faced
intense competition, particularly with regards
to our infotainment products. Compounding
matters was the dramatic and sudden rise in
cost of TFT-LCD panels and memory ICs which
are critical components used in our tablets and
personal computing products, thus affecting their
profitability and the ability of the Group to take on
orders because such cost increases could not be
easily transferred to prices charged to customers.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2017 7