Techtronic Industries Delivers Exceptional First Half Sales Growth
HONG KONG, Aug 11, 2021 - (ACN Newswire) - Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. (TTI or the Group) HKG:669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2021. The Group delivered extraordinary results for the first half of 2021, growing sales by 52.0% to US$6.4 billion. Gross margin improved for the 13th consecutive first half to 38.6%, and the growth in EBIT, net profit, and earnings per share all outpaced sales growth. EBIT increased 57.4% to US$572 million, net profit rose 57.9% to US$524 million, and earni...