BOE Varitronix Announces Mixed 2024 Interim Results

BOE Varitronix (HK:0710) has released an update.

BOE Varitronix Limited reported an 18% increase in revenue to HK$6,157 million for the first half of 2024 compared to the previous year, despite a slight drop in EBITDA and a 15% decrease in profit attributable to shareholders. The decline in profit was attributed to reduced government grants and exchange gains, with a noted revenue growth in their Thin Film Transistor and automotive display products. The company maintained strong cash resources, with HK$3,944 million on hand, and opted not to declare an interim dividend.

For further insights into HK:0710 stock, check out TipRanks’ Stock Analysis page.