Edvance International Posts Profitable FY2024 Turnaround

Edvance International Holdings Ltd. (HK:1410) has released an update.

Edvance International Holdings Ltd. has reported a notable turnaround in its financial performance for FY2024, with revenue climbing to HK$625.4 million, an 8.3% increase, and a swing to a profit of HK$29.7 million from a loss of HK$27.5 million in the previous year. Despite the uptick in revenue, there was a slight dip in gross profit by 0.2%. This positive outcome marks a significant recovery and a promising direction for the company’s profitability.

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