Pangaea Connectivity Technology Full Year 2024 Earnings: HK$0.029 loss per share (vs HK$0.031 loss in FY 2023)

Pangaea Connectivity Technology (HKG:1473) Full Year 2024 Results

Key Financial Results

• Revenue: HK$1.38b (up 16% from FY 2023).
• Net loss: HK$29.3m (loss narrowed by 6.8% from FY 2023).
• HK$0.029 loss per share (improved from HK$0.031 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of HK$1.03b (75% of total revenue). Notably, cost of sales worth HK$1.27b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$90.0m (61% of total expenses). Explore how 1473's revenue and expenses shape its earnings.

Pangaea Connectivity Technology shares are down 1.7% from a week ago.

Risk Analysis

Be aware that Pangaea Connectivity Technology is showing 4 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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