Prime Intel (08379) announced its annual results for the year ended March 31, 2024, with revenue of HKD 54.372 million, an increase of about 25.9% year-on-year; a net loss of HKD 15.627 million, a narrowing of 35.31% year-on-year; and a loss per share of 1.95 Hong Kong cents.
The announcement stated that the increase in revenue was mainly due to the sale of biometric recognition devices, security products and other accessories, which increased by about 34.4% compared to the same period in 2023; and revenue from providing supporting and other services increased by about 11.0% compared to the same period in 2023. The decrease in net loss was mainly due to the increase in revenue and gross profit.