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IBO Technology Announces 2022 Interim Results

indie
8 minutes

HONG KONG, Nov 30, 2022 - (ACN Newswire via SEAPRWire.com) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2022 (the "Period"). To promote the business development of Information Technology Application Innovation Information ("ITAI") and seize the industry golden opportunities, the Group cooperated with the People's Government of Fucheng District, Mianyang City, Sichuan Province ("Fucheng District People's Government") during the Period to develop an intelligent manufacturing industrial park project.During the Period, the demand for ITAI IT (terminal products and industry solutions), 5G (communication equipment and private network solutions) and Internet of Things ("IoT") (products and industry solutions), the Group's three major business segments, increased steadily and showed a positive development trend. The Group's revenue for the Period increased by approximately 37.5% to approximately RMB366.15 million (six months ended 30 September 2021: approximately RMB266.28 million), which was mainly benefited f...

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IBO Technology Achieves Turnaround in FY2021/22 Annual Results

indie
8 minutes

HONG KONG, Jul 3, 2022 - (ACN Newswire via SEAPRWire.com) - IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its consolidated annual results for the year ended 31 March 2022 (the "financial year" or the "Year"). During the Year, thanks to the rapid development of its principal businesses, the Group was able to achieve a business turnaround. IBO Technology's three main businesses are 5G (communication equipment and private network solutions), Information Technology Application Innovation ("ITAI") IT (terminal products and industry solutions) and Internet of Things ("IoT") (products and solutions), and is committed to providing quality one-stop 5G, ITAI and IoT products and solutions. During the Year, thanks to the recovery in economic activities and the expansion of customer base, the Group delivered accelerated growth and achieved business turnaround. Its revenue amounted to approximately RMB1,046.30 million, representing a year-on-year surge of 86.7% from approximately RMB560.33 million in the previous year. The gross profit of the Group increased by 53.9% to approximately RM...

ACN Newswire
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IBO Technology Announces 2021 Interim Results

indie
10 minutes

HONG KONG, Nov 30, 2021 - (ACN Newswire via SEAPRWire.com) - IBO Technology Company Limited ("IBO Technology", or the "Company", together with its subsidiaries, the "Group"; Stock Code: 2708.HK) is pleased to announce its unaudited interim results for the six months ended 30 September 2021 (the "Period").During the Period, the Group achieved a successful turnaround, and recorded profit attributable to owners of the Company of approximately RMB4.37 million (six months ended 30 September 2020: loss attributable to owners of the Company of approximately RMB15.45 million). Revenue significantly increased from approximately RMB190.67 million of the same period last year to approximately RMB266.28 million. Attributable to the increase in number of customers, the Group had strong performance in multiple businesses, among which intelligent terminal products sales and software development businesses achieved approximately 22.4% and approximately 255.9% year-on-year increases in revenues respectively. The Group's gross profit increased by 50.0% to approximately RMB66.85 million for the Period (six months ended 30 September 2020: approximately RMB44.56 million). Gross profit margin was 25.1%,...