AV Concept Holdings releases interim results, shareholders' profit for the period of HK$56.317mn, up 78% YoY

AV CONCEPT HOLD (00595) released its interim results for the six months ended September 30, 2024, with the Group achieving revenue of HK$629 million, up 55.11% YoY; and the Company's shareholders' profit of HK$56.31 million, up 78% YoY; and earnings per share of 6.2 HK cents. Looking ahead, the Group will continue to focus on its core business in semiconductor distribution while actively adapting to the major trends of industry reshaping. With the surging market demand driven by the continuous advancement of artificial intelligence, the growing e-commerce industry, and the increasing importance of advanced storage chip solutions, the Group will seize the opportunities by leveraging its strategic position. Meanwhile, the Group remains vigilant to potential challenges, including geopolitical tensions, changing trade policies, and rapid technological changes that may affect market dynamics. With its rich industry knowledge, solid business foundation, and forward-looking strategies, the Group is well prepared to tackle uncertainties, meet challenges, and seize new opportunities. We believe that, with our operational resilience, market adaptability, and forward-looking strategies, we will be able to thrive in this transformative era of global industry development.