AMTD Digital H1 EPS $0.41 Vs $0.15 YoY; Revenue $8.7M Vs $13.9M YoY
Portfolio Pulse from Benzinga Newsdesk
AMTD Digital reported H1 EPS of $0.41, up from $0.15 YoY, with revenue at $8.7M, down from $13.9M YoY. Despite global challenges, the company saw gains from hotel operations, financial assets, and subsidiary disposals. Expenses varied, with significant increases in premises, office, and other expenses, largely due to the acquisition of AMTD Assets Group. The period ended with a profit of $30.1M.
April 30, 2024 | 9:10 pm
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AMTD Digital's H1 financials show growth in EPS to $0.41 from $0.15 YoY, despite a drop in revenue to $8.7M from $13.9M YoY. The acquisition of AMTD Assets Group and gains in financial assets contributed to a profit of $30.1M.
The increase in EPS and overall profit, despite a revenue drop, indicates a positive financial restructuring and operational efficiency, mainly due to strategic acquisitions and asset management. This could lead to a positive short-term impact on HKD's stock price as investors may view the company's resilience and strategic decisions favorably.
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IMPORTANCE 90
RELEVANCE 100