Plover Bay Technologies' Profit Up 55% in H1

MT Newswires Live08-05

Plover Bay Technologies (HKG:1523) recorded a 55% rise in attributable profit for the six months ended June 30 to $19.1 million from $12.3 million during the year-ago period, a Monday filing on the Hong Kong bourse stated.

Earnings per share were $0.0173 in the first half, up from $0.0112 in the corresponding period of 2023.

The software company's revenue rose by 28% to $57.3 million during the interim period from $44.6 million in a year prior.

The company has proposed an interim dividend of HK$0.1083 per share, payable Aug. 20 to shareholders of record on Aug. 9.

Shares of the company closed over 5% lower on Monday.

Price (HKD): $3.81, Change: $-0.22, Percent Change: -5.46%

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