Pangaea Connectivity Technology Reports 53.8% Revenue Increase, HK$30.5 Million Net Profit for Fiscal Year Ending March 2025, EPS Rebounds to HK3.09 Cents

Reuters
Jun 27
Pangaea Connectivity Technology Reports 53.8% Revenue Increase, HK$30.5 Million Net Profit for Fiscal Year Ending March 2025, EPS Rebounds to HK3.09 Cents

Pangaea Connectivity Technology Ltd has announced its annual results for the year ended 31 March 2025. The company reported a significant increase in total revenue, which grew by approximately 53.8% from HK$1,384.0 million in the previous year to HK$2,128.2 million. This growth was primarily driven by an increase in sales of goods, especially in the areas of artificial intelligence and green technology, contributing approximately HK$2,120.3 million to the total revenue. The net profit attributable to the owners of the company was HK$30.5 million, a turnaround from a net loss of HK$29.3 million in the previous year. The basic earnings per share for the year were HK3.09 cents, a change from the basic losses per share of HK2.93 cents reported for the year ended 31 March 2024. The board has recommended the payment of a final dividend of HK1.0 cent per share, pending approval at the forthcoming annual general meeting. The company's focus on leveraging technological expertise in high-growth sectors such as AI infrastructure, advanced high-power laser applications, and next-generation wireless technologies is expected to position it for sustainable long-term growth in the evolving tech landscape.

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