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Chairman’s Statement

REVIEW OF OPERATIONS

Despite the lacklustre performance, the Even though the past year has been a including the introduction of the Group’s

Group remains in healthy financial position challenging period for the Group, we have Consumer Notebook PCs under AVITA
with cash and cash equivalents amounting to always maintained the view that obstacles brand and B2B/Commercial Notebook
HK$280 million. The Board of Directors has invariably arise when one strives for PCs under Primus brand, both of which
therefore resolved to declare a final dividend excellence. This is particularly the case when are managed by the Group’s fully
of HK2 cents (2017: HK5 cents) per share. we actively seek to migrate the Group’s owned subsidiary Nexstgo Company
This, combined with an interim dividend of products mix and business model from Limited. Having recruited top talents to
HK3 cents per share already paid (2017: HK5 mainly catering to discount retail channels head its dedicated R&D and marketing/
cents) represents a total dividend of HK5 towards reasonable margin and premium branding teams in Taiwan and Hong Kong
cents per share for the financial year (2017: segments of the market, which is now the respectively, Nexstgo has successfully
HK10 cents). The final dividend will be paid Group’s near-term to long-term strategy. launched Consumer Notebook PCs and
on 11th September 2018 to the Group’s Over the past 12 months, such a strategy Commercial Notebook PCs in Hong Kong,
shareholders upon approval at the upcoming resulted in several significant developments, Macao, Taiwan, and Singapore during the
Annual General Meeting. year under review.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 5