-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Im3MbIO974TU+kmV81aE5pyGYwHZSns0Ju2dTqq/ixG3oFJBSYfCAb5AbUgiTU0A g1vWNbzYrJ8m81tHfBHbXg== 0001050502-02-000477.txt : 20020626 0001050502-02-000477.hdr.sgml : 20020626 20020626110416 ACCESSION NUMBER: 0001050502-02-000477 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020611 FILED AS OF DATE: 20020626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BONSO ELECTRONICS INTERNATIONAL INC CENTRAL INDEX KEY: 0000846546 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] IRS NUMBER: 000000000 STATE OF INCORPORATION: K3 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17601 FILM NUMBER: 02687220 BUSINESS ADDRESS: STREET 1: UNIT 1106-1110, STAR HOUSE, 3 SALISBURY STREET 2: ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 BUSINESS PHONE: 01185226055822 MAIL ADDRESS: STREET 1: UNIT 1106-1110, STAR HOUSE, 3 SALISBURY STREET 2: ROAD, TSIMSHATSUI, KOWLOON CITY: HONG KONG STATE: K3 6-K 1 bonso6k6-11.txt 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For June 11, 2002 BONSO ELECTRONICS INTERNATIONAL INC. ------------------ (Translation of Registrant's name into English) Unit 1106-1110, 11/F., Star House 3 Salisbury Road, Tsimshatsui Kowloon, Hong Kong ------------------------------ (Address of principal executive offices) [Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.] Form 20-F [X] Form 40-F [ ] [Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.] Yes [ ] No [X] BONSO ELECTRONICS REPORTS GAINS IN REVENUE AND EARNINGS FOR FISCAL YEAR ENDED MARCH 31, 2002 HONG KONG, June 11, 2002- Bonso Electronics International, Inc. (NASDAQ: BNSO) today reported a 80% increase in revenues and a 13% improvement in net income for the fiscal year ended March 31, 2002. Revenues increased 80 percent to $53,303,000 over $29,567,000 from the prior year. Income from operations was $2,714,000, an increase of 56 percent compared to income from operations of $1,742,000, for the prior fiscal year. Quarterly revenues for the quarter ended March 31, 2002, jumped 60 percent to $12,084,000 over last year's revenues of $7,548,000. Income from operations for the quarter ended March 31, 2002, was $472,000, an increase of 144 percent compared to a loss from operations of $1,067,000 for the comparable period in the prior fiscal year. Net income for the fiscal year ended March 31, 2002 was $1,806,000, or $0.32 per share, compared to $1,604,000, or $0.29 for the prior fiscal year. For the three months ended March 31, 2002, net income of $303,000 or $0.05 per share, compares to net loss of $1,159,000, or $0.21 loss per share for the comparable period in the prior fiscal year. "While we still have considerable room for improvement in bringing more of our revenue grown to the bottom line, Bonso can claim a number of achievements in fiscal 2002 in the areas of sales growth, acquisitions, cash flow management, increasing shareholders' equity and rewarding our shareholders with the payment of a dividend for the second year in a row," said Anthony So, Bonso Chairman, CEO and President. "In a year of worldwide economic contraction, we have more than held our position in the electronics contract manufacturing industry, while diversifying into distribution of our own product brands." About Bonso Electronics Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications products, electronic scales and weighing instruments and health care products. Bonso products are manufactured in the People's Republic of China on behalf of customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. With the May 2001 acquisition of Korona Haushaltswaren, GmbH, a distributor of household scales in Europe, Bonso is embarking on its first consumer marketing venture in Europe and the U.S. under the Korona brand. Bonso also independently designs and develops electronic products for private label markets. For further information, visit the company's web site at www.bonso.com. The statements contained in the press release which are not historical facts are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. 2 FINANCIAL SUMMARY Unaudited Audited 2002 2001 Revenues ($M) 53.303 29.567 Gross Profit ($M) 13.111 7.167 Income from operations ($M) 2.714 1.742 Net Income ($M) 1.806 1.604 EPS ($) 0.32 0.29 Weighted Avg. Shares Outstanding (M) 5.587 5.565 Unaudited Unaudited 3 months 3 months Ended Mar 31, 2002 Ended Mar 31, 2001 Sales ($M) 12.084 7.548 Gross Profit ($M) 4.121 0.529 Income from operations ($M) 0.472 (1.067) Net Income ($M) 0.303 (1.159) EPS ($) 0.05 (0.21) Weighted Avg. Shares Outstanding (M) 5.587 5.565 Contact: Bonso Electronics International Inc. USA Contact: George O'Leary: 949-760-9611 949-760-9607 FAX Or Hong Kong Contact: Cathy Pang: 011-852-2605-5822 011-852-2691-1724 FAX 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BONSO ELECTRONICS INTERNATIONAL INC. (Registrant) Date: June 21, 2002 By: /s/ Henry F. Schlueter - ------------------- -------------------------- Henry F. Schlueter, Assistant Secretary 4 -----END PRIVACY-ENHANCED MESSAGE-----