Pangaea Connectivity Expects Profitable Turnaround in 2024

Pangaea Connectivity Technology Limited (HK:1473) has released an update.

Pangaea Connectivity Technology Limited has announced a remarkable financial turnaround, expecting a net profit of at least HK$14 million for the six months ending September 2024, compared to a net loss during the same period last year. This positive shift is driven by a significant 70% increase in turnover, primarily from rising sales of AI products due to strong market demand. Investors are urged to stay cautious as the final results are yet to be audited and confirmed.

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