Karin Technology Holdings Full Year 2024 Earnings: EPS: HK$0.088 (vs HK$0.22 in FY 2023)

Karin Technology Holdings (SGX:K29) Full Year 2024 Results

Key Financial Results

• Revenue: HK$2.20b (up 8.0% from FY 2023).
• Net income: HK$19.0m (down 60% from FY 2023).
• Profit margin: 0.9% (down from 2.3% in FY 2023).
• EPS: HK$0.088 (down from HK$0.22 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 IT Infrastructure segment contributing a total revenue of HK$1.63b (74% of total revenue). Notably, cost of sales worth HK$2.01b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$78.8m (47% of total expenses). Explore how K29's revenue and expenses shape its earnings.

Karin Technology Holdings shares are up 1.5% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Karin Technology Holdings.

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