CIRCUTECH (08051) announces its performance in 2024, with a net profit attributable to owners of the company of HK$44,000, a year-on-year decrease of 99.25%.

CIRCUTECH (08051) announced its performance for 2024, with revenue of approximately HK$351 million, an increase of about 130.8% year-on-year. The company's attributable profit was HK$44,000, a decrease of 99.25% year-on-year, with earnings per share of 0.19 HK cents. The announcement stated that the increase in revenue was attributed to the company expanding its supply of third-party branded products, driving rapid expansion in the Asian market. The decrease in net profit was mainly due to fair value losses of approximately HK$8.883 million being recognized on derivative financial instruments.