Leadway Technology Turns to H1 Profit

MT Newswires Live08-13

Leadway Technology Investment Group (HKG:2086) recorded an attributable profit of HK$2.1 million for the six months ended June 30, as compared to an attributable loss of HK$4.4 million a year prior, a Monday bourse filing said.

Earnings per share stood at HK$0.0066 during the six months, while the company had incurred a loss per share of HK$0.0137 in H1 2023.

Revenue for the smart card manufacturer rose by 4% to HK$47.2 million during the half year from HK$45.6 million in the year-ago period.

The company attributed the higher revenue mainly to the award of new government tenders and the introduction of new products.

Shares of the company closed nearly 2% lower on Tuesday.

Price (HKD): $0.53, Change: $-0.01, Percent Change: -1.85%

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