MICROWARE (SEHK: 01985) has released its financial results for the year ended March 31. The company reported total revenue of approximately HK$1.301 billion, representing a decrease of 12.8% compared to the previous year.

Net profit for the period stood at HK$30.205 million, marking a substantial increase of approximately 270% year-on-year. Earnings per share were HK$0.10.

The company attributed the significant rise in profit primarily to reduced operating expenses, an improved net result from other gains and losses, favorable foreign exchange differences from translating overseas operations, and an increase in related business volume driven by the successful implementation of its AI research and development initiatives.