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Hong Kong stock market news: Plover Bay Tech (01523) has risen more than 11% and its pure profit in the first five months has exceeded 26% of the first half of last year. Expected to see a significant increase in pure profit for the first half of the year
Plover Bay Tech (01523) is currently up by more than 11%. As of press time, it has risen by 9.55% to HKD 3.44 with a turnover of HKD 1.1688 million.
Plover Bay Tech (01523.HK): Expects a significant increase in interim profit.
Plover Bay Tech (01523.HK) announced on June 25 that the parent company's net income attributable to owners for the first five months ending on May 31, 2024 has increased by about 26% compared to the net income of about 12.3 million US dollars for the first six months ending on June 30, 2023. Therefore, the board of directors expects the net income for the six months ending on June 30, 2024 to increase significantly compared to the net income for the six months ending on June 30, 2023. This significant increase in net income is attributed to an increase in sales volume and an improvement in the group's net income margin.
Express News | Plover Bay Technologies Ltd - Increase in Net Profit Can Be Attributed to Increase in Sales Volume for Six Months, Others
Express News | Plover Bay Technologies Sees Net Profit for Six Months Will Represent Substantial Increase
PLOVER BAY TECH: POSITIVE PROFIT ALERT
Pinning Down Plover Bay Technologies Limited's (HKG:1523) P/E Is Difficult Right Now
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 9x, you may consider Plover Bay Technologies Limited (HKG:1523) as a stock to avoid entirely with its 16.
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