AV CONCEPT HOLD (00595) announced that the group is expected to have a consolidated net profit attributed to owners of the company of no less than HKD 41 million as of March 31, 2024, a year-on-year increase of no less than 160% compared to the same period in 2023, primarily due to the increase in revenue as a result of the market demand and price increase of semiconductor devices. The group's gross profit increased compared to 2023 mainly due to the increase in the selling price of its products. Also, the share of profits and losses from joint ventures and associated companies increased compared to 2023, mainly due to the improved performance of joint ventures this year.
AV CONCEPT HOLD (00595) announced that the group is expected to have a consolidated net profit attributed to owners of the company of no less than HKD 41 million as of March 31, 2024, a year-on-year increase of no less than 160% compared to the same period in 2023, primarily due to the increase in revenue as a result of the market demand and price increase of semiconductor devices. The group's gross profit increased compared to 2023 mainly due to the increase in the selling price of its products. Also, the share of profits and losses from joint ventures and associated companies increased compared to 2023, mainly due to the improved performance of joint ventures this year.
