Hang Seng Stock Surge: Plover Bay Tech Jumps Over 20% on 28% Net Profit Rise, Declares 15.66 HK Cents Interim Dividend

Stock News07-31

PLOVER BAY TECH (01523) shares soared more than 20% in early trading, recently climbing 18.83% to HK$8.33, with turnover reaching HK$11.3379 million.

According to company filings, PLOVER BAY TECH (01523) reported interim results for the six months ending June 30, 2026. Revenue grew 18.51% year-on-year to $74.596 million, while net profit increased 27.94% to $27.718 million. Basic earnings per share stood at 2.51 US cents. The board has declared an interim dividend of 15.66 HK cents per share.

The company attributed the sales growth to robust performance across high-volume products, including fixed-network primary link and 5G routers, edge computing devices, and recurring revenue streams.

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