TTI Delivers a Decade of Record Results
TECHTRONIC INDUS LTD ADR (TTNDY)
NASDAQ:AMEX Investor Relations:
ttigroup.com/en/investor_relations
Company Research
Source: PR Newswire
Sustained Success by Accelerating the Transition to Cordless Tools HONG KONG, March 4, 2020 /PRNewswire/ -- Highlights2019*US$'million2018US$'million ChangesSales7,6677,021+9.2%Gross profit margin37.7%37.2%+50 bpsEBIT673607+10.9%Profit attributable to Owners of the Company615552+11.3%Basic earnings per share (US cents) 33.6730.16+11.6%Dividend per share (approx. US cents)13.2611.33+17.0%*For the year ended December 31, 2019Net profit grew 11.3% and sales expanded 9.2% Gross margin improvement for the eleventh consecutive year Flagship Milwaukee Tool business continues to grow 20%+ in local currency RYOBI cordless sales delivered double-digit sales growthHong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the financial year ended December 31, 2019. The Group's total revenue increased by 9.2% over the previous period to US$7.7 billion. The gross margin exp
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