{"id":134527,"date":"2021-08-12T13:08:22","date_gmt":"2021-08-12T05:08:22","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=134527"},"modified":"2021-08-12T13:08:22","modified_gmt":"2021-08-12T05:08:22","slug":"techtronic-industries-delivers-exceptional-first-half-sales-growth","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=134527","title":{"rendered":"Techtronic Industries Delivers Exceptional First Half Sales Growth"},"content":{"rendered":"\n<p><strong>HONG KONG, Aug 12 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong>Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. (\u201cTTI\u201d or the \u201cGroup\u201d) (stock code: 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 13<sup>th<\/sup>&nbsp;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 earnings per share increased 57.8% to approximately US28.62 cents per share.<\/p>\n\n\n\n<ul><li>Exceptional sales growth of 52.0%<\/li><li>Sales growth of 71.5% over two years, compared to the first half of 2019<\/li><li>Strong sales growth across all businesses and geographies<\/li><li>Gross margin improved for the 13<sup>th<\/sup>\u00a0consecutive first half to 38.6%, up 58 basis points<\/li><li>Net profit growth of 57.9% to US$524 million <\/li><\/ul>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=40743\" data-type=\"URL\" data-id=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=40743\">http:\/\/mrem.bernama.com\/viewsm.php?idm=40743<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, Aug 12 (Bernama-BUSINESS WIRE) &#8212;&nbsp;Hong Kong-based global power equipment and floorcare company Techtronic Industries Co. Ltd. (\u201cTTI\u201d or the \u201cGroup\u201d) (stock code: 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 [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/134527"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134527"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/134527\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134527"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}