Smart-Core Holdings reports strong interim profit growth, lifts dividend

Smart-Core Holdings Limited reported a 6.6% increase in revenue to HK$2,796.2m for the six months ended June 30, 2025, up from HK$2,623.9m in the corresponding period of 2024. Gross profit also rose by 13.1% to HK$162.2m, with the gross profit margin expanding by 0.3 percentage points to 5.8%. Profit for the period attributable to owners of the company increased by 33.4% to HK$48.5m. Basic earnings per share were HK10.44 cents, a 35.1% increase year-on-year.

The company's Smart Vision and Optoelectronic Displays business units were key contributors to this growth, with sales increasing by 7.7% and 52.0% respectively. Communication Products and Mixed Distribution also saw substantial sales increases of 45.9% and 62.1% respectively. Despite overall positive performance, Memory Products and Smart Displays experienced declines in sales.

The group's gearing ratio increased significantly to 62.7% as at June 30, 2025, from 31.9% at December 31, 2024, due to increased bank borrowings. An interim dividend of HK3 cents per share was declared, payable on September 30, 2025.