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FIT Hon Teng Announces Unaudited Results for the First Quarter of 2026
(MENAFN- Think Alliance Group) FIT Hon Teng Limited (“FIT”, SEHK stock code: 6088) today announced its unaudited first quarter business update for the three months ended March 31, 2026.
Financial Highlights:
-- Revenue for the first three months of 2026 increased 8.6% to US$1.19 billion
-- Net profit reached US$10.4 million, an increase of 67.3% as compared with US$6.2 million in the corresponding period last year.
For the three months ended March 31, 2026, FIT’s unaudited consolidated revenue increased by 8.6% to approximately US$1,198 million. FIT reported an unaudited net profit from continuing operations for the three months ended March 31, 2026, of approximately US$10.4 million, compared to the US$6.2 million in the corresponding period of last year.
The Group’s financial performance was mainly attributable to improvements in the Group’s operational efficiency, together with strong growth in high-margin AI related products, which contributed to an overall improvement in profitability and business performance.
As of March 31, 2026, our financial position remained solid with cash and cash equivalents of US$1,436million, as compared to US$1,305 million for the corresponding period of last year.
Mr. Sidney Lu, Chairman and CEO, commented on FIT’s performance, “We are pleased with our performance this quarter, fueled by strong momentum in high-margin AI products and the continued expansion of our next-generation connectivity solutions. Although we expect the operating environment to remain uncertain and dynamic, we will continue to invest in and strengthen our core capabilities as a key supplier in the AI ecosystem and software-defined vehicles. These efforts will help us better support our customers and drive sustainable growth for the future.”
Financial Highlights:
-- Revenue for the first three months of 2026 increased 8.6% to US$1.19 billion
-- Net profit reached US$10.4 million, an increase of 67.3% as compared with US$6.2 million in the corresponding period last year.
For the three months ended March 31, 2026, FIT’s unaudited consolidated revenue increased by 8.6% to approximately US$1,198 million. FIT reported an unaudited net profit from continuing operations for the three months ended March 31, 2026, of approximately US$10.4 million, compared to the US$6.2 million in the corresponding period of last year.
The Group’s financial performance was mainly attributable to improvements in the Group’s operational efficiency, together with strong growth in high-margin AI related products, which contributed to an overall improvement in profitability and business performance.
As of March 31, 2026, our financial position remained solid with cash and cash equivalents of US$1,436million, as compared to US$1,305 million for the corresponding period of last year.
Mr. Sidney Lu, Chairman and CEO, commented on FIT’s performance, “We are pleased with our performance this quarter, fueled by strong momentum in high-margin AI products and the continued expansion of our next-generation connectivity solutions. Although we expect the operating environment to remain uncertain and dynamic, we will continue to invest in and strengthen our core capabilities as a key supplier in the AI ecosystem and software-defined vehicles. These efforts will help us better support our customers and drive sustainable growth for the future.”
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