Karin Technology Holdings, the IT and components solutions and services providers in Hong Kong and China, says it registered a net profit of HK$9.1 million ($1.6 million), coupled with a healthy cash balance of HK$44.7 million for the six months ended 31 December 2009 (1HFY10) despite the slowdown in the electronics industry.
Karin’s total revenue in 1HFY10 amounted to HK$756.9 million, a decrease of 16.2% from HK$902.8 million for the same period last year. The decrease was due mainly to a decrease in revenue from its three business segments – Information Technology Infrastructure segment, Components Distribution segment and Integrated Circuit Application Design segment.
