Digital China Holdings recorded a profit attributable to equity holders of approximately HK $262 million or HK 27.24 cents per share for the three months ended June 30, up 130% compared with a year ago.
The Q1 operating revenue of Digital China, the country's largest IT product distributor, was HK $10.6 billion, up 6.49% from a year earlier. The growth rate of Digital China is well above that of average growth of 0.8% of the Chinese IT industry.
The operating profit grew 84.66% to HK $313 million over the same period last year. The net profit rose to HK $262 million, up 129.86 %from HK $114 million of last year.
Starting from its 2009 fiscal year, Digital China divided its business units into six strategy headquarters according to the needs of its three main clients: industrial accounts, Enterprise Accounts and SMB & personal consumers. The supply chain service has emerged as new engine to drive growth for the company as its operating revenue grew 139.26% in three months ended by June 30, 2009.
Digital China said its turnover in Fulfillment unit rose 160.57% over the same period of last year through co-ops with partners like Hewlett-Packard and Dell.