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 |
|
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(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.)
Recent news on Qpl International Holdings
See all newsHong Kong's QPL International swings to annual profit as revenue rises
Brief: QPL International Expects FY Consolidated Profit Of HK$89.0 Million to HK$96.8 Million
Brief: QPL International Expects HY Consolidated Profit Of HK$74 Million To HK$78 Million
Brief: QPL International To Place Up To 57.7 Mln Shares At HK$0.16 Per Share
Brief: QPL International Appoints Wu Wangfang As Executive Director