AV Concept Holdings Limited (HK:0595) has released an update.
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AV Concept Holdings Limited reported a significant increase in annual revenue for the year ended 31 March 2024, with semiconductor distribution being the major contributor to the revenue jump from HK$634.3 million to HK$937.3 million. The company also saw its profit for the year more than double, rising from HK$40.7 million to HK$109.2 million. Despite a robust performance, there was a notable decrease in cash and cash equivalents, down from HK$121.4 million to HK$76.3 million.
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