Cowell e Holdings' 2024 Profit Soars 156%; EPS, Revenue Beat Estimates; Shares Rise 10%

MT Newswires Live

03-21

Cowell e Holdings' (HKG:1415) attributable profit soared 156% to $119.1 million in 2024 from $46.6 million in 2023, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the optical products company increased to $0.134 from $0.053 a year earlier. Analysts at Visible Alpha estimated EPS at $0.12.

Revenue surged 170% to $2.49 billion from $923.8 million in the previous year. Visible Alpha analysts forecast revenue at $2.07 billion.

Shares jumped 10% during Friday's morning trading.

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