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Chairman’s Statement
Chairman’s Statement
GROUP RESULTS AND DIVIDENDS
On behalf of the Board of Directors, I hereby Despite the lacklustre performance, the including the introduction of the Group’s
present the financial results of Alco Holdings Group remains in healthy financial position Consumer Notebook PCs under AVITA
Limited and its subsidiaries (collectively, the with cash and cash equivalents amounting to brand and B2B/Commercial Notebook
“Group”) for the year ended 31st March 2018. HK$280 million. The Board of Directors has PCs under Primus brand, both of which
therefore resolved to declare a final dividend are managed by the Group’s fully
For the year under review, the Group of HK2 cents (2017: HK5 cents) per share. owned subsidiary Nexstgo Company
recorded turnover of HK$2.1 billion (2017: This, combined with an interim dividend of Limited. Having recruited top talents to
HK$2.1 billion) and net loss attributable HK3 cents per share already paid (2017: HK5 head its dedicated R&D and marketing/
to shareholders of HK$85.8 million (2017: cents) represents a total dividend of HK5 branding teams in Taiwan and Hong Kong
profit of HK$73.9 million). The net loss was cents per share for the financial year (2017: respectively, Nexstgo has successfully
due in part to the continuingly challenging HK10 cents). The final dividend will be paid launched Consumer Notebook PCs and
business environment, which was made on 11th September 2018 to the Group’s Commercial Notebook PCs in Hong Kong,
worse by the significant increase in the shareholders upon approval at the upcoming Macao, Taiwan, and Singapore during the
costs of certain critical components that the Annual General Meeting. year under review.
Group uses in the production of some of its
products. Yet other factors that impacted
on our profitability for the year under review
include the initial set up and investment in
our new notebook PC business.
4 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018
