VSTECS Holdings (00856.HK) saw its stock price surge 5.12% during intraday trading on Friday, following the release of its impressive full-year financial results that surpassed market expectations. The company's strong performance and announcement of a dividend payout have boosted investor confidence.
According to the released figures, VSTECS reported a full-year revenue of HKD 89,085.6 million, significantly exceeding the IBES estimate of HKD 81,532 million. The company's net income stood at HKD 1,052 million, while its operating profit reached HKD 1,699 million. VSTECS also posted a robust gross profit of HKD 3,929.1 million for the fiscal year.
Adding to the positive sentiment, VSTECS announced a proposed final dividend of HK25.7 cents per ordinary share, rewarding shareholders for the company's strong performance. This combination of better-than-expected financial results and shareholder returns has likely contributed to the stock's substantial intraday gain, reflecting growing investor optimism about the company's future prospects in the competitive tech distribution sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.