Techtronic Industries on top of its game, says CEO

Business | 7 Mar 2019 4:15 pm

The chief executive of power equipment and floor care company Techtronic Industries (0669), Joseph Galli, said sales revenue is better than that of competitors and the best in the whole industry.

TTI will be included in the Hang Seng Index as one of 50 constituent stocks soon.

Galli said the company is proud to be a blue-chip stock and attributed this to consistently improving performance.

Galli said Techtronic will continue to launch high-end products in China.

Meanwhile, chief financial officer Frank Chan Chi-chung said there is no specific dividend policy.

Techtronic net profit grew by 17.4 percent in 2018 to US$552 million (HK$4.33 billion).

Basic earnings per share increased by 17.5 percent to 30.16 US cents year-on-year.

A final dividend of 50 HK cents was recommended.

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