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Edvance International Holdings Returns to Profit in Fiscal Year 2024
Edvance International Holdings (HKG:1410) swung to an attributable profit of HK$29.7 million, or HK$0.0293 per share, in the year ended March 31, from a loss of HK$27.5 million, or HK$0.0272 per share
Edvance Intl (01410.HK) turned a profit of approximately HKD 29.7 million in the 2024 fiscal year, reversing the previous year's losses.
On June 24th, Gralon announced that in the 2024 fiscal year, Edvance Intl (01410.HK) generated revenue and gross profit of approximately HKD 625 million and HKD 137 million, respectively, an increase of approximately 8.3% and a decrease of approximately 0.2% compared to the revenue and gross profit of approximately HKD 577 million and HKD 137 million in the 2023 fiscal year. In the 2024 fiscal year, the company recorded a net profit attributable to owners of approximately HKD 29.7 million (2023 fiscal year: net loss attributable to owners of approximately HKD 27.5 million). Earnings per share were 2.94 Hong Kong cents. In the 2024 fiscal year, the company provided cybersecurity services.
Express News | Corrected-Edvance International Holdings FY Net Income HKD 29.7 Million (Corrects Amount)
Express News | Edvance International Holdings FY Revenue HKD 625.4 Million
Express News | Edvance International Holdings FY Gross Margin 21.9%
Express News | Edvance International Holdings FY Net Income HKD -32.4 Million
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