Vtech 2002 Annual Report Download - page 6

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VTech Holdings Ltd4
at our interim results announcement, I was able
to report that after the major challenges of the 2001
financial year, VTech had been able, through an
aggressive restructuring, to return to a small but significant
profit. I am pleased to say that the momentum has carried
through, as our focus on rebuilding the bottom line and
putting our finances on a much firmer footing saw further
improvement to the income statement as well as the
balance sheet.
dear shareholders
Allan WONG
Chairman
Letter to Shareholders