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BoardWare Intelligence Reports Decline in Annual Profit Despite Increased Liquidity

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BoardWare Intelligence Reports Decline in Annual Profit Despite Increased Liquidity

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The latest announcement is out from BoardWare Intelligence Technology Limited ( (HK:1204) ).

BoardWare Intelligence Technology Limited announced its annual results for the year ended December 31, 2024, reporting a decrease in revenue by 9.7% to HK$648 million compared to the previous year. Despite an 8% increase in gross profit, the company’s profit for the year dropped significantly by 77.8% to HK$1 million, with a net profit margin decline to 0.1%. The company’s cash and cash equivalents increased to HK$85.9 million, indicating a stronger liquidity position.

More about BoardWare Intelligence Technology Limited

BoardWare Intelligence Technology Limited is a company incorporated in the Cayman Islands, operating with a focus on technology solutions and services.

YTD Price Performance: -44.07%

Average Trading Volume: 62,789

Technical Sentiment Signal: Buy

Current Market Cap: HK$825M

See more data about 1204 stock on TipRanks’ Stock Analysis page.

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