HK Asia Hldgs (01723) released its annual results ending on March 31, 2024, with revenue of HKD 252 million, a YoY increase of 23.4% and net income of HKD 14.842 million, a YoY increase of 276.7%. Basic earnings per share was 3.71 HK cents.
The increase in revenue during the period was mainly due to an increase of about HKD 72 million in sales to Indonesian and Philippine users, partly offset by a decrease of about HKD 24.2 million in sales to other users.