Azeus Systems' net profit surges 91% YoY to $9.96m in H2 2024

The company attributed the increase to improved revenue.

Azeus Systems Holdings said its net profit grew 91% YoY to $9.96m (HK$57.64m) in the second half of fiscal year 2024 (H2 2024) ending 31 March.

The IT products and services provider said its revenue increased 44% to $33.9m (HK$196.13m) in the same period. This growth is reflected in Azeus' full-year data, which shows a 68% YoY increase in net profit to $14.69m (HK$85m) in FY 2024.

IT services accounted for 23% of the company's sales in H2 2024. Overall, sales increased 30% to $56.86m (HK$328.9m).

Meanwhile, full-year earnings per share was at $0.48 (HK$2.83), up from FY 2023's figure of $0.29 (HK$1.68).

HK$1=S$0.17

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