Trending News: Flood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, othersSyariah Court To Determine Lineage Of Children Linked To GISBH – Mohd Na’imDA logs P107-M agri losses due to Ferdie, ‘habagat’Unveiling Hidden Threats Of Smoking, Vaping On Loved OnesDOJ brings free legal, medical services to women inmates in DavNorComelec: Poll bets must register digital campaign platformsMAHA 2024 Hits Three Million Visitor Target As Of Sept 18 – MohamadVietnamese agricultural products, food displayed in IndiaKPWKM’s Actions On ‘Abang Bas’, GISB Comply With Law – NancyBa Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani
Fri. Sep 20th, 2024
Trending News: Flood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, othersSyariah Court To Determine Lineage Of Children Linked To GISBH – Mohd Na’imDA logs P107-M agri losses due to Ferdie, ‘habagat’Unveiling Hidden Threats Of Smoking, Vaping On Loved OnesDOJ brings free legal, medical services to women inmates in DavNorComelec: Poll bets must register digital campaign platformsMAHA 2024 Hits Three Million Visitor Target As Of Sept 18 – MohamadVietnamese agricultural products, food displayed in IndiaKPWKM’s Actions On ‘Abang Bas’, GISB Comply With Law – NancyBa Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani
Fri. Sep 20th, 2024

Techtronic Industries Delivers Strong 2024 First Half Results


HONG KONG, Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (‘TTI’ or the ‘Group’) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2024. TTI grew sales in the first half of 2024 to US$7.3 billion, up 6.3% in reported currency and 6.6% in local currency. MILWAUKEE delivered double-digit sales growth in local currency and RYOBI outperformed the market.

TTI delivered strong first half results, growing sales 6.3% to US$7.3 billion and net profit 15.7% to US$550 million.

Our Flagship MILWAUKEE business grew sales 11.2% in local currency, extending our leadership position as the #1 professional power tool brand worldwide.

Gross margin improved 67 bps to 39.9% in the first half of 2024.

We delivered record first half Free Cash Flow of US$508 million and improved gearing to 9.2%.

Mr. Steven Philip Richman was appoint
ed to the role of TTI Chief Executive Officer (CEO) on May 21, 2024.

Source: BERNAMA News Agency

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