Time Interconnect Technology sees profits jump 47.1% on strong server demand

Time Interconnect Technology Limited reported a substantial increase in profit and revenue for the six months ended June 30, 2025. Profit for the period rose by 47.1% to HK$313.7m from HK$213.3m in the prior corresponding period. Revenue also saw an impressive 82.1% increase, reaching HK$4,853.7m compared to HK$2,666.1m. This growth was primarily attributed to the server and data center cable assembly sectors.

Despite the revenue growth, the gross profit margin decreased to 13.2% from 18.5%, mainly due to a significant increase in revenue from the lower-margin server sector. Operating profit increased by 32.1% to HK$412.7m, with the operating profit margin standing at 8.5%, down from 11.7%. Basic earnings per share increased by 47.7% to HK16.1 cents.

The company declared an interim dividend of HK1.6 cents per ordinary share, totaling approximately HK$31.3m. Total assets less current liabilities increased to HK$2,027,759 thousand from HK$1,687,937 thousand at December 31, 2024. In July 2025, Time Singapore, an associated company, completed the acquisition of Leoni Kabel GmbH, further expanding the Group's global footprint and product portfolio.