Hotung Investment Returns to Attributable Profit in July-December 2024; Shares Up 6%

Trading View
2025.02.18 04:55
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Hotung Investment reported an attributable profit of NT$155.9 million for the half-year ending December 31, 2024, reversing a loss of NT$78.9 million from the previous year. Earnings per share rose to NT$1.65 from a loss of NT$0.0081. Revenue increased to NT$340.4 million, compared to a negative NT$8.5 million a year earlier. Following this announcement, the company's shares rose by over 6%.

Hotung Investment booked an attributable profit of NT$155.9 million for the half ended Dec. 31, 2024, against an attributable loss of NT$78.9 million a year earlier, according to a filing with the Singapore Exchange on Monday.

The company posted earnings per share of NT$1.65 compared with a loss per share of NT$0.0081 in the comparable period.

The company reported a revenue of NT$340.4 million for the reporting period, while it logged a negative revenue of NT$8.5 million in the year-ago period.

Shares of the company were up over 6% in recent trading.

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