As of June 30, 2024, Kantone Holding (01059.HK) announced that the group's total revenue for the 12 months was approximately 0.152 billion Hong Kong dollars, compared to approximately 0.129 billion Hong Kong dollars in the previous year, an increase of about 17.8%. For the fiscal year ending June 30, 2024, the profit attributable to the annual group owner was approximately 5.7 million Hong Kong dollars, compared to 9.7 million Hong Kong dollars in the previous year. This profit decline is mainly attributed to the loss generated by the financial assets in the current year and the increase in general and administrative expenses. The overall gross margin percentage remained relatively stable throughout the year, reflecting the company's core business's continued profitability.
The company's main revenue comes from its primary subsidiary, Multitone Electronics PLC, in the United Kingdom. In the fiscal year, its total revenue reached approximately 0.15 billion Hong Kong dollars, an increase of 23.5 million Hong Kong dollars compared to the previous year. The main reason for this growth is the successful resolution of supply chain issues, which helped absorb the backlog of orders accumulated in the previous fiscal year. In addition, the company's emergency communication service orders in the United Kingdom were completed ahead of schedule and continued to perform well in the public medical market.
