Swing Media Technology Group Ltd. reported unaudited consolidated earnings results for the year ended March 31, 2013. For the year, the company reported profit of HKD 58 million or 15.63 cents per share on sales of HKD 904.5 million compared to profit of HKD 50.4 million or 14.31 cents per share on sales of HKD 865.3 million reported in the same period last year. Profit from operations was HKD 77.5 million against HKD 73.5 million and profit before tax was HKD 67 million against HKD 62.9 million reported last year.

Net cash generated from operating activities was HKD 116.5 million against HKD 136.8 million reported last year. Purchase of property, plant and equipment was HKD 181.5 million against HKD 159 million reported last year. Payment for acquisition of intangible assets was HKD 7.5 million.

Group net profit increased by an even more commendable 15.0%, supported by an income of HKD 91.7 million from the leasing of machinery in Taiwan and maiden contributions from the solar energy business.