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Pangaea Connectivity Technology Limited ( (HK:1473) ) has shared an update.
Pangaea Connectivity Technology Limited has issued a positive profit alert, indicating a significant financial turnaround with an expected net profit of at least HK$25 million for the year ending March 31, 2025, compared to a net loss of approximately HK$29 million the previous year. This improvement is attributed to a more than 40% increase in turnover, driven by strong market demand for AI and green energy products. Additionally, the company announced the resignation of Mr. Chan Hiu Fung Nicholas as an independent non-executive director, effective July 1, 2025, as he wishes to focus on other commitments. The company is actively seeking a replacement to fill the vacancy.
More about Pangaea Connectivity Technology Limited
Pangaea Connectivity Technology Limited operates in the technology sector, focusing on artificial intelligence (AI) and green energy products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -24.50%
Average Trading Volume: 707,686
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$158.6M
For a thorough assessment of 1473 stock, go to TipRanks’ Stock Analysis page.