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Financial Highlights
VTech Holdings Ltd Annual Report 200602
• Group revenue increased by 17.9% to US$1,204.6
million
• Profit attributable to shareholders set a new record
of US$128.8 million
• Final dividend of US26.0 cents per share,
total dividend per share for the year up 146.2%
• Strong all-round growth at electronic learning
products business
• Outperformance by contract manufacturing services
business
• Turnaround in profitability of telecommunication
products business with continuous growth in Europe
• Well positioned for further growth
For the year ended 31st March 2006 2005 Change
Operating results (US$ million)
Revenue 1,204.6 1,022.0 17.9%
Gross profit 446.7 328.8 35.9%
Operating profit 136.2 62.7 117.2%
Profit before taxation 140.1 63.7 119.9%
Profit attributable to shareholders 128.8 56.9 126.4%
Financial position (US$ million)
Cash generated from operations 182.9 60.7 201.3%
Net cash 242.4 123.7 96.0%
Shareholders’ fund 306.2 203.3 50.6%
Per share data (US cents)
Earnings per share – basic 54.9 25.2 117.9%
Earnings per share – diluted 54.3 24.9 118.1%
Dividend per share 32.0 13.0 146.2%
Other data (US$ million)
Capital expenditure 32.1 21.5 49.3%
R&D expenditure 40.3 38.5 4.7%
Key ratios (%)
Gross profit margin 37.1 32.2 4.9% pts
Operating profit margin 11.3 6.1 5.2% pts
Net profit margin 10.7 5.6 5.1% pts
EBITDA/Revenue 12.9 7.9 5.0% pts
Return on shareholders’ fund 42.1 28.0 14.1% pts
0
250
500
750
1,000
1,250
Earnings Per Share in
Last 5 Years
02 03 04 05 06
US cents
+117.9%
Dividends Per Share in
Last 5 Years
02 03 04 05 06
US cents
NIL
3.5
5.0
18.1 20.5
25.2
54.9
10.0
13.0
32.0
+146.2%
+17.9%
Group Revenue in Last 5 Years
US$ million
02 03 04 05 06
959.8
866.5 915.2
1,022.0
1,204.6
0
5
10
15
20
25
30
35
0
10
20
30
40
50
60