BOE Varitronix's Profit Drops 15% in H1

MT Newswires Live08-26

BOE Varitronix (HKG:0710) saw a 15% decline in attributable profit for the six months ended June 30 to HK$172.1 million from HK$202.5 million during the year-ago period, an Aug. 22 bourse filing said.

Earnings per share stood at HK$0.218 during the interim period, down from HK$0.257 in the first half of 2023.

Revenue for the liquid crystal display product producer rose by 18% to HK$6.16 billion in the half year from HK$5.21 billion a year prior, mainly due to higher sales of thin film transistor (TFT) products, touch panel display modules, and automotive system products.

The company attributed the lower profit mainly to a decrease in government grants and exchange gains.

Shares of the company closed nearly 7% higher on Monday.

Price (HKD): $4.56, Change: $+0.28, Percent Change: +6.54%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2462414994?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-26 20:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2462414994","market":"sg","top_or_hot":-1,"title":"BOE Varitronix's Profit Drops 15% in H1","media":"MT Newswires Live","content":"<html><body><p> BOE Varitronix (HKG:0710) saw a 15% decline in attributable profit for the six months ended June 30 to HK$172.1 million from HK$202.5 million during the year-ago period, an Aug. 22 bourse filing said.</p><p>Earnings per share stood at HK$0.218 during the interim period, down from HK$0.257 in the first half of 2023.</p><p>Revenue for the liquid crystal display product producer rose by 18% to HK$6.16 billion in the half year from HK$5.21 billion a year prior, mainly due to higher sales of thin film transistor (TFT) products, touch panel display modules, and automotive system products.</p><p>The company attributed the lower profit mainly to a decrease in government grants and exchange gains.</p><p>Shares of the company closed nearly 7% higher on Monday.</p><p>Price (HKD): $4.56, Change: $+0.28, Percent Change: +6.54%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BOE Varitronix's Profit Drops 15% in H1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBOE Varitronix's Profit Drops 15% in H1\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-26 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BOE Varitronix (HKG:0710) saw a 15% decline in attributable profit for the six months ended June 30 to HK$172.1 million from HK$202.5 million during the year-ago period, an Aug. 22 bourse filing said....</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0082770016.USD","symbol_name":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2462414994","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462414994","pubTimestamp":1724675067,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BOE Varitronix  saw a 15% decline in attributable profit for the six months ended June 30 to HK$172.1 million from HK$202.5 million during the year-ago period, an Aug. 22 bourse filing said.Earnings per share stood at HK$0.218 during the interim period, down from HK$0.257 in the first half of 2023.Revenue for the liquid crystal display product producer rose by 18% to HK$6.16 billion in the half year from HK$5.21 billion a year prior, mainly due to higher sales of thin film transistor  products, touch panel display modules, and automotive system products.The company attributed the lower profit mainly to a decrease in government grants and exchange gains.Shares of the company closed nearly 7% higher on Monday.Price : $4.56, Change: $+0.28, Percent Change: +6.54%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0082770016.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","00710":"京东方精电","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","HKD":"尚乘数科","BK4588":"碎股","BK1599":"OLED概念","BOE":"黑岩全球成长基金","BK4023":"应用软件","BK1179":"电子设备和仪器","BK1163":"半导体产品"},"translate_title":"京东方精电上半年利润下降15%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1,"HKD":1,"00710":0.9},"content_text":"BOE Varitronix (HKG:0710) saw a 15% decline in attributable profit for the six months ended June 30 to HK$172.1 million from HK$202.5 million during the year-ago period, an Aug. 22 bourse filing said.Earnings per share stood at HK$0.218 during the interim period, down from HK$0.257 in the first half of 2023.Revenue for the liquid crystal display product producer rose by 18% to HK$6.16 billion in the half year from HK$5.21 billion a year prior, mainly due to higher sales of thin film transistor (TFT) products, touch panel display modules, and automotive system products.The company attributed the lower profit mainly to a decrease in government grants and exchange gains.Shares of the company closed nearly 7% higher on Monday.Price (HKD): $4.56, Change: $+0.28, Percent Change: +6.54%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462414994"}