Summary by Moomoo AI
For the six months ended 30 September 2024, Anchor International recorded revenues of approximately HK$362.1 million, up 24.6% year-on-year; gross profit of HK$70.7 million, up 3.3% year-on-year. The Company's owners' loss decreased to approximately HK$1.2 million, down 81.9% year-on-year. Management does not recommend the distribution of an interim dividend.Management noted that earnings growth was mainly driven by strong demand for cybersecurity products and services in Hong Kong. Despite the fair value loss on investment, operating profit improved. The company successfully transitioned to a subscription-based business model and became a distributor of two new cybersecurity products, further consolidating its market position.Looking ahead, Amin International is optimistic about the business outlook, especially cybersecurity needs in Hong Kong and the ASEAN region. The company will focus on developing its core business, providing high value services while managing operations prudently. Management appreciates the support of employees, partners and shareholders and looks forward to future developments.
