PLOVER BAY TECH released its interim results, with a net profit of USD 21.665 million, an increase of 13.41% year-on-year
PLOVER BAY TECH released its interim results for the period ending June 30, 2025, with revenue of USD 62.943 million, a year-on-year increase of 9.85%; net profit of USD 21.665 million, a year-on-year increase of 13.41%; and basic earnings per share of 1.96 cents. It plans to distribute an interim dividend of 12.34 Hong Kong cents per share. Sales growth was mainly driven by 5G products but was impacted by the Peplink Starlink plan at the beginning of 2024
According to the Zhitong Finance APP, PLOVER BAY TECH (01523) announced its interim results for the six months ending June 30, 2025, with revenue of USD 62.943 million, an increase of 9.85% year-on-year; net profit of USD 21.665 million, an increase of 13.41% year-on-year; and basic earnings per share of 1.96 cents. It plans to distribute an interim dividend of 12.34 Hong Kong cents per share.
The announcement stated that during the period, our sales growth was attributed to strong growth in 5G products, but partially offset by the slowdown in momentum from the Peplink Starlink program launched in early 2024
