Shares of IDT International (HKG:0167) surged 5.31% during Tuesday's intraday trading session, reflecting investors' positive reaction to the company's latest financial results. The stock's significant uptick comes as the international voice and data services provider announced its return to profitability for the 2024 fiscal year.

According to a filing with the Hong Kong Stock Exchange, IDT International reported a profit attributable to owners of HK$114.6 million for 2024, or HK$2.645 per share. This marks a substantial turnaround from the previous year's loss of HK$13.4 million or HK$0.3267 per share. The company's revenue also saw a remarkable increase, soaring to HK$173.3 million from just HK$1.2 million in the prior year.

The market's enthusiastic response to IDT International's financial recovery underscores the importance of profitability in investor sentiment. Despite the positive results, the company has not recommended a dividend for the period, suggesting a focus on reinvestment and financial stability. As IDT International continues to navigate the competitive landscape of voice and data services, investors will likely keep a close eye on its ability to maintain this newfound profitability and drive further growth.