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8375 — Data Union Capital International Holdings News Story

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Hong Kong's Data Union Capital HY revenue rises on digital marketing solutions business

Hong Kong's Data Union Capital HY revenue rises on digital marketing solutions business


Overview

  • Hong Kong electronics and SaaS provider's interim revenue grew 11.8% yr/yr

  • Net loss for the period narrowed compared to last year

  • Gross profit margin improved due to shift toward higher-margin products


Outlook

  • Company expects continued development of PAS and planned launch of MaaS solutions


Result Drivers

  • NEW BUSINESS LINE - Co said revenue growth was mainly due to commencement of SaaS and digital marketing solutions business

  • PRODUCT MIX SHIFT - Co said gross margin improvement was mainly due to strategic adjustment toward higher-margin aluminum electrolytic capacitors

  • STABLE CORE BUSINESS - Co said revenue from manufacturing and trading of aluminum electrolytic capacitors and electronic components remained stable with aggregate growth of 4.3%


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$49.70 mln


Reuters Recommended Reads

  • Aug 26 - Man Yue HY profit more than doubles on electronic components demand

  • Aug 26 - China's Xingfa Aluminium half-year profit drops 37% as sales volume falls

  • Aug 27 - Cable and wire maker Perennial International half-year revenue edges up on product mix shift


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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