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BOE Varitronix Revenue Recorded 27%yoy Growth to HK$4,527 million, Continue to Develop Further in the Areas of Smart Cockpit Display

HONG KONG, Mar 29, 2021 - (ACN Newswire via SEAPRWire.com) - 26 March 2021, BOE Varitronix Limited (the "Company") and its subsidiaries ("BOEVx" or the "Group") (710.HK), the world's leading smart automotive display and innovative solution provider announces its final results for the full year ended 31 December 2020. Leveraging on its momentum growth in automotive display business, the Group realized revenue of HK$4,527 million, an increase of 27% from last year's HK$3,574 million.The increase in gross profit as driven by the increase in turnover, and the cost-optimizing and efficiency management actions implemented by the Group, EBITDA has increased by 30% from HK$166 million in 2019 to HK$216 million, the profit attributable to shareholders recorded a significant increase of approximately 174% from HK$25.0 million in 2019 to HK$68.6 million in 2020. BOE Varitronix's profitability has steadily improved, and the improvement in efficiency has achieved remarkable results.During the year, in terms of product portfolio, the Group's Thin Film Transistor ("TFT") module business and touch panel display modules business continued to achieve remarkable growth and contributed over 75% of the...