BoardWare Reports Decreased Revenue But Higher Gross Profit

BoardWare Intelligence Technology Limited (HK:1204) has released an update.

BoardWare Intelligence Technology Limited reported mixed financial results for the first half of 2024, with a revenue decrease of 19.3% to HK$318.1 million compared to the previous year, yet gross profit rose by 28.5% to HK$65.8 million. The company’s profit before tax fell by 37% to HK$1.7 million, and basic earnings per share dropped by 16% to HK cent 0.21. Despite the decline in revenue and earnings, the net profit margin saw a slight increase from 0.31% to 0.33%.

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