Pangaea Connectivity Turns to Annual Profit; Shares Gain 1%
MT Newswires Live
Jun 30
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.