Plover Bay Technologies (HKG:1523) Full Year 2024 Results

Key Financial Results

• Revenue: US$116.8m (up 24% from FY 2023).
• Net income: US$38.0m (up 35% from FY 2023).
• Profit margin: 33% (up from 30% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.035 (up from US$0.026 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Plover Bay Technologies Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Plover Bay Technologies' balance sheet health.

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