Bonso Electronics FY Profit More Than Doubles - Quick Facts

(RTTNews) - Bonso Electronics International, Inc. (BNSO), a designer and manufacturer of sensor-based products, reported net income of $2.87 million or $0.55 per share for the year ended March 31, 2016, up from $1.11 million or $0.21 per share in the prior year.

Bonso Electronics noted that with contribution from rental income of approximately $1.48 million, a gain of about $0.52 million on disposal of part of its land use right, and a gain of about $0.72 million on disposal of a residential unit, its main operations on electronics products manufacturing contributed $0.15 million of net income.

Anthony So, Chief Executive Officer of Bonso, said, "In the coming year, we believe that we will continue to face increasing cost pressure as the result of inflation, increased prices of raw materials and increased labor costs. Also, we expect that growth in the demand for our products will be limited."