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SCMP Reporter

Suga International Holdings expects increasing sales from the United States market, where turnover rose 81 per cent in the six months to September.

The main board-listed manufacturer of consumer electronic devices yesterday reported a 98 per cent rise in interim profit to HK$26.83 million and declared a dividend of 2.5 HK cents per share.

It had a turnover of HK$228.79 million, an increase of almost 70 per cent from HK$134.86 million in the same period last year.

The US market accounted for 32.4 per cent of the company's turnover, making it Suga's second-largest market after the Asia-Pacific region. Chairman Ng Chi-ho said the sluggish economy had little impact on sales.

'We are making pet-training products for the US market. The economic slowdown barely affected the spending of animal lovers,' Mr Ng said.

Suga's major customer in US is Radio Systems, one of the largest pet-training device firms. Mr Ng said Suga was developing animal-tracking products for Radio Systems that were expected to be launched in the first half of next year.

He said the company had secured orders until next March.

Other than consumer electronic devices, Suga also makes networking products such as modems, routers and servers, partnering with Beijing Harbour Networks.

The company has set up an original equipment manufacturing plant of 9,000 square metres in Xixian employing 350 workers. The plant manufactures about 180,000 units of IT products annually for Beijing Harbour Networks.

Telecommunication products contributed 42 per cent of the company's turnover, up from 36 per cent last year. It is expected to grow to 51 per cent for the 12 months to March next year.



Healthy US orders boost sales for Suga