iWOW reports lower net profit of $122,000 for 1HFY2025, down 57% y-o-y

Ashley Lo11-11

Earnings per share stood at 0.05 cents, down from 0.11 cents in 1HFY2024. iWOW Technology has reported a lower net profit of $122,000 for the 1HFY2025 ended September 30, a 57% y-o-y decrease from $...

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The WES segment also saw 11% y-o-y growth to $9.9 million, due to contributions from the group’s $20.0 million Smart City Infrastructure contract awarded in July 2023.\nMeanwhile, the group’s Smart City Solutions segment revenue declined by 34% y-o-y to $0.3 million, while its Datacomm & Enterprise Solutions revenue fell by 18% y-o-y to $2.7 million, due to shifts in market demand. \nThe group says it remains confident in its outlook, due to its robust pipeline of IoT and EMS projects and an order book of $83.5 million, as at Oct 31. \n\"Our 1HFY2025 results demonstrate the resilience of our business despite economic challenges. Demand for our core IaaS and WES solutions have remained robust, supporting our stable revenue performance,” says Raymond Bo, CEO and executive director of iWOW Technology Nxr. “As we continue to enhance our IoT and Smart City Solutions portfolio, the launch of the BOP Button in 1HFY2025 will be instrumental in enabling iWOW to capture new opportunities in the public sector and consumer markets, both locally and abroad, providing a strategic advantage in the Silver Generation Solutions space.”\nShares in iWOW Technology closed flat at 20 cents on Nov 11.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","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":"4.29.4","shortVersion":"4.29.4","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/2482646807"}