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EDVANCE INTL: ANNUAL REPORT 2023/24
Edvance International Holdings Returns to Profit in Fiscal Year 2024
Performance: Advance Intl (01410.HK) reported a net profit of 29.71 million yuan for the full year, turning losses into gains.
Edvance Intl (01410.HK) announced its performance for the fiscal year ended in March, with revenue of HKD 625 million, an 8.3% increase YoY. Net profit was HKD 29.71 million, compared to last year's loss of HKD 27.48 million, a turnaround to profit; earnings per share were 2.94 cents. No final dividend will be given.
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 24, Gurong Hui announced that Edvance Intl (01410.HK) recorded revenue and gross profit of approximately HKD625 million and approximately HKD137 million, respectively, for the fiscal year 2024. This represents an increase of approximately 8.3% in revenue and a decrease of approximately 0.2% in gross profit compared to fiscal year 2023, with revenue and gross profit being approximately HKD577 million and approximately HKD137 million, respectively. In fiscal year 2024, the company had a net profit attributable to owners of approximately HKD29.7 million (fiscal year 2023: a net loss attributable to owners of approximately HKD27.5 million). Earnings per share were 2.94 Hong Kong cents. During fiscal year 2024, the company provided cybersecurity services.
EDVANCE INTL: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
Edvance International to Swing to Profit
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