Garmin Group (08519) announced results for the first three quarters of the nine months ended September 30, 2023, with revenue of HK$206 million, up 33.47% year on year; profit attributable to company owners of HK$2.03 million, compared to a loss of HK$8.065 million in the same period last year; profit per share of HK$0.18 cents.
According to reports, the increase in profit is mainly due to an increase in turnover and an improvement in the cost ratio.