AV Concept Expects 70% Higher H1 Profit; Shares Up 7%

MT Newswires Live

Nov 19, 2024

AV Concept Holdings (HKG:0595) expects an increase in profit attributable to the owners of about HK$22.1 million, a 70% increase for the six months ended Sept. 30, compared with HK$31.6 million in the corresponding period of the previous year, according to a Monday filing with the Hong Kong bourse.

The company attributed the expected increase in profit to the increased share profits of joint ventures due to their better performance for the current period and the net fair value gains for the period compared to the fair value loss for the previous year.

The Semiconductor Distribution business plans to publish its interim results on Nov. 26.

The company's shares were up almost 7% during recent trading.

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