Skyworth Digital Holding saw its profit jump 188.3 percent to HK$1.33 billion ($170.28 million) for the fiscal year ending March 31, 2010, the consumer electronics producer said in its annual report Wednesday.

Turnover from continuing operations grew 48.5 percent year-on-year to HK$22.769 billion, with 91.2 percent collected from the Chinese market.

Sales of TV products contributed 90.2 percent of its total turnover, and sales of digital set-top boxes accounted for 8.3 percent of the total.

 
Gross profit from continuing operations went up 57.5 percent year-on-year to HK$4.873 billion, with the gross profit margin up 1.2 percentage points to 21.4 percent, the company said.

The board of company proposed a final dividend of HK$ 0.08 per share with an option to elect new shares in lieu of cash, according to report.