Ingdan's 2024 Profit Slides 10%; Shares Fall 5%

MT Newswires Live

04/01

Ingdan (HKG:0400) attributable profit fell 9.9% to 189.9 million yuan in 2024 from 210.7 million yuan in 2023, according to a Monday filing with the Hong Kong bourse.

Earnings per share at the integration-platform-as-a-service firm for integrated circuit and artificial intelligence companies decreased 10% to 0.138 yuan from 0.154 yuan in the previous year.

Revenue grew 14% to 10.1 billion yuan from 8.86 billion yuan a year earlier.

Shares fell 5% during Tuesday's afternoon trading.

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