AMTD Digital Achieved a 55.3% Increase in Net Profit, 61.2% in Total Assets, 31.8% in Net Assets, and 36.6% in EPS
23 August 2023 - 11:52PM
Business Wire
AMTD Digital Inc. (“AMTD Digital” or the “Company”) (NYSE: HKD),
a comprehensive one-stop digital solutions platform headquartered
in France, today announced that the Company has filed its annual
report on Form 20-F for the fiscal year ended April 30, 2023 with
the Securities and Exchange Commission on August 23, 2023, U.S.
Eastern Time.
Overall, the Company reported a very strong and solid
performance and delivered a 55.3% increase of net profit after tax
from last year.
During the fiscal year ended April 30, 2023, AMTD Assets Group
("AMTD Assets"), one of the key subsidiaries of AMTD Group Inc.
(“AMTD Group”) to operate the IDEA strategies, which holds a global
portfolio of premium whole building properties, with a fair market
value of approximately US$500 million, was acquired by the
Company.
As of April 30, 2023, the total assets and net assets of the
Company increased by 61.2% and 31.8%, respectively, compared to the
last fiscal year-end.
Subsequent to April 30, 2023, the Company announced the
establishment of AMTD World Media and Entertainment Group in Paris,
France, alongside with AMTD Group and AMTD IDEA Group (“AMTD IDEA”)
(NYSE: AMTD; SGX: HKB), to embark and focus on global strategies
and developments of a multi-media, entertainment and cultures
worldwide platform.
Dr. Timothy Tong, Chairman of the Board of Directors of the
Company, commented, “AMTD Digital continued to grow in the past
year with a YoY net profit increase of over 50%. We are confident
in our expansion journey to focusing and committing to creating
shareholders' values and developing our global strategies with a
lot of emphasis on Europe and North American countries.”
Dr. Feridun Hamdullahpur, Chairman of Executive Management
Committee and an independent director of the Company, commented,
“The results are simply outstanding. This is a positive and strong
signal to all stakeholders that AMTD Digital is committed to
creating shareholders’ values and further establishing a leadership
position in critical areas including media and culture. The
management are confident to continue its strategic growth
trajectory by following a plan based on fundamental values and
principles. I extend my thanks and appreciation to the executive
team for their dedication and commitment.”
Mr. Mark Lo, CEO of the Company, commented, “Following on AMTD
Digital’s first anniversary of its US listing, we continued to
demonstrate strong growth in the core segments. Due to acquisition
of high quality hotel assets completed in February, the Company is
set to enjoy an additional stable stream of income and a solid
asset base, alongside with other impressive new innovative business
strategies down the road.”
Mr. Xavier Zee, CFO of the Company, commented, “This year we
successfully acquired and integrated AMTD Assets Group into AMTD
Digital Inc. I am pleased that we have further broadened the
comprehensiveness of our business services and product offerings
through this acquisition. The financial performance demonstrated
our ability to maintain profitability and growth through our global
expansion.”
The Company will provide a hard copy of its annual report
containing the audited consolidated financial statements, free of
charge, to its shareholders and ADS holders upon request. Requests
should be directed to AMTD Digital IR office, AMTD Digital Inc.,
27-29 rue de Bassano, 75008 Paris, France.
The annual report is available on the Company’s investor
relations website at https://ir.amtdigital.net.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital
solutions platform headquartered in France. Its one-stop digital
solutions platform operates four main business lines including
digital solutions services, digital media, content and marketing
services, digital investments as well as hospitality and VIP
services. It is the fusion reactor at the core of the AMTD
SpiderNet ecosystem and empowers and integrates the various digital
businesses within its ecosystem. For AMTD Digital’s announcements,
please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the beliefs, plans, and expectations of
AMTD Digital Inc., are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
filings of AMTD Digital Inc. with the SEC. All information provided
in this press release is as of the date of this press release, and
AMTD Digital Inc. does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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IR Office AMTD Digital Inc. EMAIL: ir@amtdigital.com
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