Accel Group (HKG:1283) saw its stock price soar by 5.38% in Friday's trading session, following the announcement of improved annual results and an increased dividend payout. The company, which specializes in electrical and mechanical engineering services, has demonstrated resilience and growth in a challenging market environment.
According to the company's latest financial report, Accel Group's profit attributable to owners for the year ended March 31, 2025, rose to HK$46.3 million, up from HK$40.4 million in the previous year. This represents a significant year-on-year increase of 14.6%. The company's revenue also saw a slight improvement, reaching HK$556.4 million compared to HK$553.5 million in fiscal 2024.
In light of the strong performance, Accel Group's board has recommended a final dividend of HK$0.014 per share for the fiscal year 2025, an increase from the HK$0.013 paid out in the previous year. This dividend hike, coupled with the improved financial results, has evidently boosted investor confidence, contributing to the substantial stock price increase. The final dividend is subject to approval at the upcoming shareholders' meeting scheduled for September 18, 2025.
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