Solomon Systech (International) (HKG:2878) Full Year 2024 Results
Key Financial Results
- Revenue: US$113.4m (down 26% from FY 2023).
- Net income: US$10.1m (down 48% from FY 2023).
- Profit margin: 8.9% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.004 (down from US$0.008 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Hong Kong segment contributing a total revenue of US$63.5m (56% of total revenue). Notably, cost of sales worth US$75.4m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$18.7m (56% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$5.53m. Explore how 2878's revenue and expenses shape its earnings.
Solomon Systech (International) shares are down 11% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Solomon Systech (International).
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