PLOVER BAY TECH (01523) released annual performance with shareholders' net profit of approximately $38.046 million, representing an increase of about 35.4% year-on-year.

Plover Bay Tech (01523) announced that for the year ending December 31, 2024, its revenue was approximately $117 million, an increase of about 23.9% compared to the year ending December 31, 2023. The company's attributable profit for the year ending December 31, 2024, was approximately $38.046 million, an increase of about 35.4% compared to the year ending December 31, 2023. The diluted basic earnings per share for the year ending December 31, 2024, were approximately 3.45 cents, an increase of about 35.3% compared to the year ending December 31, 2023. The Board has decided to declare a second interim dividend of 13.37 Hong Kong cents per share and a special dividend of 5.65 Hong Kong cents per share for the year ending December 31, 2024. These dividends are expected to be paid to shareholders on March 27, 2025, who are on the company's register as of March 14, 2025. The company's sales increased by 24% year-on-year to approximately $117 million. This growth can be attributed to several factors. Since the beginning of the partnership with Starlink last year, over 50 distributors have joined the company's Peplink-Starlink channel program. Additionally, the company's partners have held several marketing and partner training events over the past year, which complement the Starlink program and accelerate the growth of the company's sales channels.