IDT International's Profit Plummets in 2025; Shares Jump 4%

MT Newswires Live04-01 15:34

IDT International (HKG:0167) recorded a decline in attributable profit in 2025 to HK$69.1 million from HK$114.6 million a year prior, according to a Tuesday Hong Kong bourse filing.

Shares of the electronics manufacturer were up over 4% in Wednesday afternoon trading.

Earnings per share stood at HK$0.1933 in the year, down from HK$2.6451 in the previous fiscal year.

Revenue slipped 35% to HK$112.9 million from HK$173.3 million in the year-ago period, due to lower product sales in the Chinese Mainland and higher tariffs due to the China-US trade war.

The firm attributed the lower profit to a drop in revenue and gross profit, as well as the absence of the recognition of a non-recurring gain on the de-consolidation of subsidiaries, as was seen in 2024.

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