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Perfect Opt released its interim performance results, with a profit of HKD 2.25 million for its shareholders.
Perfect Opt (08311) released its six-month performance report ending on June 30, 2024, with revenue of HKD 52.506 million, down 21% year-on-year. The company's equity holders' profit was HKD 2.25 million, compared to a loss of HKD 3.859 million in the same period last year. Basic earnings per share were 0.15 HK cents. Compared with the same period in 2023, the revenue of TFT-LCD panels and modules and health-related products in the group's main products all showed significant declines in this period.
Perfect Opt (08311.HK) turned a profit in the first half, reaching HKD 2.3 million.
Perfect Opt (08311.HK) announced that for the six months ended June 30, 2024, the Group recorded revenue of approximately HKD 52.5 million (for the six months ended June 30, 2023: approximately HKD 66.5 million). The profit attributable to the Company's equity holders is approximately HKD 2.3 million (for the six months ended June 30, 2023: loss of approximately HKD 3.9 million). The Board of Directors will not declare an interim dividend for the six months ended June 30, 2024 (none for the six months ended June 30, 2023). In 2024, weak domestic demand in China led to a soft display panel market.
Express News | Perfect Optronics Ltd - Profit Attributable for Six Months HK$2.3 Mln Vs Loss HK$3.9 Mln
Express News | Perfect Optronics H1 Revenue HKD 52.5 Million
PERFECT OPT: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
Perfect Opt (08311) announced good news for shareholders, with an expected comprehensive profit of approximately 1 million HKD to 3 million HKD for the first half of the year, turning losses into profits compared to the same period last year.
Perfect Opt (08311) announced that it expects to achieve a net profit of RMB 65 million to RMB 80 million for the six months ending June 30, 2024 (period-end).
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