Bright Smart Securities & Commodities Group (1428) Q4 2024 earnings summary

Executive summary

• Revenue for the year ended 31 March 2024 was HK$846.2 million, down 4.0% year-over-year, while net profit after tax attributable to shareholders was HK$558.5 million, a 10.0% decrease from the prior year.

• Earnings per share were 32.93 HK cents, compared to 36.56 HK cents last year.

• The board recommends a final dividend of 33.0 HK cents per share, subject to shareholder approval.

Financial highlights

• Operating profit rose to HK$864.9 million from HK$806.4 million year-over-year.

• Finance costs increased significantly to HK$259.9 million from HK$114.2 million.

• Net profit margin decreased to 66.0% from 70.4% last year.

• Cash and cash equivalents at year-end were HK$441.3 million, down from HK$504.5 million.

Outlook and guidance

• The group expects opportunities from China's economic recovery, further financial reforms, and enhanced cross-border investment mechanisms such as the Stock Connect and Cross-boundary WMC.

• Plans include expanding global financial products, promoting digital investment services, and strengthening the sales network.