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Aztech Global reports 29.5% y-o-y lower earnings of $70.5 mil

Nicole Lim
Nicole Lim • 2 min read
Aztech Global reports 29.5% y-o-y lower earnings of $70.5 mil
The group saw a decrease in revenue because of lower sales in volume of IoT devices and data-communication products, from reduced demand from customers in 2H2024. Photo: Aztech Global
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Aztech Global has reported earnings of $70.5 million for the FY2024 ended Dec 31, 2024, 29.5% y-o-y lower than the same period last year. 

The earnings for the group for 2HFY2024 also saw a decrease of 58.2% y-o-y to $23.9 million, down from the $57.1 million reported in the same period a year ago. 

The group’s revenue for the FY2024 came in at $621.6 million, a 30.6% y-o-y decrease due to lower sales in volume of IoT devices and data-communication products attributable to reduced demand from customers in the latter part of 2024.

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