2009-04-17

2008 Annual Report

IPE Group announced its Annual Results for the year ended 31 December 2008. During the period the Group rose 8.9% to HK$861,716,000 (2007: HK$791,179,000). Net profit was HK$ 60,384,000 (2007: HK$105,481,000). Sales of HDD components rose by 12.7%, sales of hydraulic equipment components and automotive components rose 0.8% and 29.5% respectively. The basic earnings per share dropped 40.8% to HK8.65 cents (2007: HK14.61 cents).