Press Releases Archives - Page 4 of 14 - VPower Group Fast Track Distributed Power Generation

VPower Group Announces 2019 Annual Results *** Net Profit Increases by 33% to HK$283.6 Million Targets to Reach 1,900MW Installed Capacity of Project Portfolio by 2020

2:32 pm
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VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia, is pleased to announce its annual results for the year ended 31 December 2019. Despite the challenges in global business environment in 2019, the Group’s business and operations were proven to be resilient and the Group managed to record a satisfactory revenue growth of 15.4% to HK$ 2,794.0 million. The gross profit grew by 4.3% to HK$737.2 million with a gross profit margin of 26.4%; while EBITDA rose by 37.3% to HK$853.2 million and net profit increased

VPower Group Signs Distribution Agreement with Rolls-Royce Power Systems to be its MTU Solutions Distributor in China

12:40 pm
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VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), a leading DPG station owner and operator in Asia, is pleased to announce that the Group has entered into a distribution agreement with the world’s leading engine manufacturer Rolls-Royce Power Systems AG, covering the sales and maintenance of MTU engines and gensets for marine commercial and gas power generation in China.