VTech Holdings Limited (VTKHY.PK), a provider of electronic learning products, Tuesday said its profit for the first half decreased 6.6 percent year-over-year to $87.4 million, mainly impacted by lower revenue as well as higher expenses related to the acquisition of the assets of GST Communications.
Basic earnings per share decreased 6.5 percent to 34.6 cents, from 37 cents in the same period a year ago.
Revenue for the period declined 4.5 percent to $1.089 billion from $1.141 billion in the previous year on lower sales in North America, Europe and Asia Pacific.
The company's Board has declared an interim dividend of 17 cents per share.
Looking ahead, the company expects revenue to increase for the full year.
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