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VTech Holdings Ltd
Annual Report 2007
2
DEAR SHAREHOLDERS,
All three of our businesses recorded
revenue increases during the fi nancial
year 2007, resulting in revenue for
the Group reaching an all-time high.
This, together with an improvement
in operating profi t margin, allowed us
to achieve a second straight year of
record profi t. The results demonstrate
that we are reaping the benefi t of the
hard work put in over recent years to
enhance our operations and build a
solid foundation for growth.
All three of our businesses recorded
revenue increases during the fi nancial
year 2007, resulting in revenue for the
Group reaching an all-time high.”
Allan WONG Chi Yun
Chairman
RESULTS
Revenue for the Group increased
by 21.5% over the fi nancial year
2006 to US$1,463.8 million. Profi t
attributable to shareholders rose by
42.0% to US$182.9 million, while
earnings per share increased by 39.5%
to US76.6 cents. With the Group’s
balance sheet remaining strong, the
Board of Directors has proposed a fi nal
dividend of US41.0 cents per share.
Together with the interim dividend of
US9.0 cents per share and the special
dividend of US30.0 cents per share
made in celebration of the Group’s 30th
anniversary, this gives a total dividend
for the year of US80.0 cents per share,
150.0% higher than the US32.0 cents
per share declared for the fi nancial
year 2006.
OPERATIONS
Following two years of rationalisation
at its US operations, the
telecommunication products (TEL)
business regained its leadership position
in the US cordless phone market. A
rebound in sales in this market led to a
marked increase in revenue for the TEL
business overall, while contribution to
the Group continued to improve.
42.0%
(2007 vs 2006)
US$ million
PROFIT ATTRIBUTABLE
TO SHAREHOLDERS
IN LAST 5 YEARS
80
40
0
120
160
200
03
40.8
04
46.3
05
56.9
06
128.8
07
182.9
“
Letter to Shareholders
03VtechLettertoShareholders(22 2007/7/511:38:47PM