Alco Holdings (HKG:0328) swung to an attributable profit of HK$600.7 million in the fiscal year ended March 31 from a loss of HK$510.2 million in the year-ago period, according to an annual report filed Wednesday with the Hong Kong Stock Exchange.
Earnings per share at the consumer electronic products maker reached HK$9.79 compared with a loss per share of HK$33.18 in the previous year.
Revenue surged to HK$148.4 million from HK$89.3 million a year earlier.
Shares closed 10% higher in Hong Kong on Thursday.
Price (HKD): $4.47, Change: $+0.41, Percent Change: +10.10%
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