Shares of Accel Group Holdings Ltd. (HKG:1283) surged 5.38% in Friday's trading session, following the release of its annual financial results and a dividend announcement. The company reported improved profitability and proposed a higher dividend, attracting investor interest.
According to the company's bourse filing, 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 translates to diluted earnings per share of HK$0.0575, an increase from HK$0.0509 in fiscal 2024. The company also reported a slight uptick in revenue, reaching HK$556.4 million compared to HK$553.5 million in the year-ago period.
Adding to the positive sentiment, Accel Group's board recommended a final annual dividend of HK$0.014 per share for the year ended 31 March 2025, up from HK$0.013 in the previous fiscal year. This dividend proposal is subject to approval at the upcoming shareholders' meeting scheduled for September 18, 2025. The increased dividend and improved financial performance appear to have boosted investor confidence, contributing to the stock's significant intraday gain.