Kingboard Laminates (1888) H1 2024 earnings summary

Executive summary

• Revenue rose 7% year-over-year to HK$8,638.2 million for the six months ended 30 June 2024, driven by strong demand in AI and automotive electronics sectors and a rebound in the electronics industry.

• Net profit attributable to owners increased 72% to HK$727.8 million, with basic EPS up 73% to HK23.3 cents.

• Interim dividend declared at HK12.0 cents per share, doubling from the prior year.

Financial highlights

• EBITDA increased 35% year-over-year to HK$1,569.7 million; profit before tax up 69% to HK$957.5 million.

• Net asset value per share reached HK$4.88, up 9% from last year; net gearing ratio stood at 17%.

• Basic earnings per share rose 73% to HK23.3 cents.

Outlook and guidance

• Anticipates continued growth from favorable government policies, AI, automotive electronics, and high-speed network demand.

• Plans to expand monthly laminates capacity in Thailand by 400,000 sheets in H2 2024.

• Ongoing investments in solar photovoltaics and thermal energy recovery to support ESG goals and cost savings.