Global Engine reports FY24 EPS HKD 0.16 vs HKD 0.17 last year

Reports FY24 HKD 49.45M vs HKD 44.684M last year. Andrew Lee, CEO, Chairman and Director of the Company commented: “In fiscal year 2024, our Company achieved notable revenue growth, increasing by 10.7% to reach HKD49.5 million, up from HKD44.7 million in the previous year. This growth was largely fueled by our expanding cloud and data center managed services, particularly in Malaysia and Taiwan, where demand continues to rise. While we saw a decline in revenue from telecommunications and consultancy services – mainly due to the completion of specific projects in Hong Kong last year and that the Company targets to focus more on markets outside of Greater China such as Southeast Asia – we remain optimistic about our strategic focus on cloud solutions, which reflects our efforts to diversify our offerings and penetrate new markets.”