Azeus Systems Holdings, which provides IT products and services, has reported earnings of HK$57.7 million for its 2HFY2024, up 91% y-o-y. This brings its full-year earnings for the year ended March to a record of HK$85 million, up 68% y-o-y.
Full-year revenue was up 30% to HK$328.9 million.
Azeus plans to pay a final dividend of HK$1.90 per share, bringing the full-year total to HK$2.80, representing a payout ratio of 99%.
“We are pleased to have achieved a strong set of performance backed by Azeus Products, our growth engine, which has seen increased sales globally as we expanded into more territories
and added new product features and modules," says executive chairman Lee Wan Lik.
CEO Michael Yap says the company's product segment continued to gain momentum, growing by 45% in FY2024.
"We will continue to invest in expanding our geographical footprints and in R&D of new product offerings and innovations. Barring unforeseen circumstances, the Group is cautiously optimistic of our outlook for continued growth in FY2025," says Yap.
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As of March 31, the company, which is debt-free, has built up a net cash position of HK$183.5 million, an increase from HK$152.8 million as of March 31 2023.
Azeus Systems shares closed at $8.70 on May 30, up 3.57% for the day and up 2.35% year to date.
