[SINGAPORE] Shares of Azeus Systems jumped as much as 16.6 per cent on Monday (Jun 2), after the company reported a surge in net profits.
The counter hit a high of S$14.52 at 10.59am, up S$2.07 from its closing price of S$12.45 on May 30.
As at 3.20 pm, the counter had eased to S$14.27 – still up 14.6 per cent – with 13,800 shares transacted.
The net profit of the IT solutions and products provider more than doubled to HK$118.1 million (S$19.4 million) for the second half-year ended March, from HK$57.6 million in the corresponding year-ago period.
Its revenue for its second half rose 56 per cent to HK$305.5 million.
The latest results brings Azeus’ full-year net profit up 96 per cent to HK$166.9 million, and its full-year revenue up 44 per cent to HK$474.8 million.
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The company said in a bourse filing that 83 per cent of its revenue for FY2025 came from its range of software and IT solutions, Azeus Products; the revenue from this line alone rose 55 per cent.
The increase was driven by higher contributions from the group’s proprietary products – Convene and Convene Records – as well as implementation services revenue under its CERKS (Central Electronic Record Keeping System) contract.
Revenue from Hong Kong and Asia rose 61 per cent to HK$301.7 million in FY2025. The growth was primarily attributed to the recognition of revenue from the CERKS project, which is now in the deployment phase.
Looking ahead, the group hopes to broaden its geographical reach and continue investing in the development of its new ESG reporting platform, said Michael Yap, the company’s chief executive officer.
The board has proposed a final dividend of HK$3.90 a share for the latest period. Together with an interim dividend of HK$1.60 per share paid out in February for H1, this brings the group’s total dividend for FY2025 to HK$5.50 a share.
The group previously paid out a total dividend of HK$2.80 a share for FY2024, comprising an interim dividend of HK$0.90 a share and a final dividend of HK$1.90 a share.
