I thought it's a stellar set of results? Oh well.. >.<
FY2023's total revenue, gross profit, net income and non-gaap adjusted income all increased by 31.4%, 28%, 46.2% and 45.9%.
The decrease was for quarter to quarter comparison, ie, FY22 4th quarter vs FY23 4th quarter. Both total revenue and total gross profit increased marginally for the qoq comparison so likely expenses went up. Probably increased costs due to expansion aka for growth?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
gancheong spider OP : Reading it more closely. The increased in costs were due to the below.Interest expenses were HK$270.8 million (US$34.7 million), an increase of 48.8% from the fourth quarter of 2022. The increase was primarily due to higher expenses associated with our securities borrowing and lending business and higher margin financing interest expenses.
Processing and servicing costs were HK$103.5 million (US$13.3 million), an increase of 7.6% from the fourth quarter of 2022. The increase was primarily due to higher cloud service fee for new markets and higher system usage fee.
Alley2000 : The result is not bad. Why it dipped more than 10%?