Pangaea Connectivity Technology (HKG:1473) reported HK$30.5 million in attributable profit for the year ended March 31, compared to a loss of HK$29.3 million a year earlier, according to a bourse filing Friday.

Shares gained over 1% in afternoon trade Monday.

On a per-share basis, the company reported HK$0.0309 in earnings, compared to a loss of HK$0.0293 in fiscal 2024.

Revenue for the year was HK$2.13 billion, rising from HK$1.38 billion a year prior.