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243 — Qpl International Holdings News Story

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Hong Kong's QPL International swings to annual profit as revenue rises

Hong Kong's QPL International swings to annual profit as revenue rises


Overview

  • Hong Kong electronics maker's annual revenue rose yr/yr to HK$347.6 mln

  • Company swung to profit attributable to owners of the Company of HK$98.8 mln from a loss last year

  • Earnings per share turned positive to HK29.70 cents from a loss


Outlook

  • Company did not provide specific financial guidance or outlook for future periods in its press release


Result Drivers

  • OTHER INCOME - Higher other income contributed to improved results

  • FAIR VALUE GAINS - Net fair value gains on financial assets at FVTPL supported profit turnaround

  • CREDIT LOSS REVERSALS - Reversal of expected credit losses on trade receivables aided profitability


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

HK$347.63 mln


Reuters Recommended Reads

  • July 30 - Taiwan's ASE Technology Q2 profit more than doubles on ATM segment growth

  • July 31 - Singapore's IPC Corp HY sales rise, but loss widens on higher costs

  • July 29 - Taiwan's UMC Q2 revenue rises on strong end-market demand


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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