Alpha Technology Group Limited Reports 2023 Financial Year Results
Alpha Technology Group Limited (ATGL)
Company Research
Source: PR Newswire
HONG KONG, Feb. 1, 2024 /PRNewswire/ -- Alpha Technology Group Limited (the "Company" or "Alpha")(NASDAQ: ATGL), a holding company incorporated in the British Virgin Islands that currently provides cloud-based IT solution services through its operating subsidiaries, Techlution Service Limited and Neural Sense Limited (collectively, "Operating Subsidiaries"), today reported its financial results for the fiscal year ended September 30, 2023.Fiscal Year 2023 Financial Highlights:Revenues increased by HK$4.27 million (approximately US$0.55 million), or 96.55%, from HK$4.42 million for the year ended September 30, 2022 to HK$8.69 million (approximately US$1.11 million) for the year ended September 30, 2023.Gross profit increased by HK$1.85 million (approximately US$0.24 million), or approximately 183.99%, from HK$1.00 million for the year ended September 30, 2022 to HK$2.85 (approximately US$0.36 million) for the year ended September 30, 2023.Gross profit margin increased from 22.67% for t
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