IDT INT'L-NEW (00167) Reports Interim Results with Net Profit of HK$62.613 Million, Up 10.14 Times Year-on-Year

Stock News
08/29

IDT INT'L-NEW (00167) announced its interim results for 2025, reporting revenue of approximately HK$47.388 million, representing a 7.24% decrease compared to the same period last year. Net profit reached HK$62.613 million, marking a significant increase of 10.14 times year-on-year, with earnings per share of HK$0.2233.

According to the announcement, the revenue decline was attributed to increased raw material costs, while the decrease in gross profit resulted from the impact of the China-US trade war on the group's import and export business. The substantial growth in net profit was primarily driven by gains of approximately HK$48.3 million from debt forgiveness by creditors and gains of approximately HK$16.4 million from repaying creditor loans through bond issuance. As a result, the group recorded other income and gains of approximately HK$64.8 million.

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