NEW YORK & HONG KONG & SINGAPORE–(BUSINESS WIRE)–AMTD IDEA Group(“AMTD IDEA” or the “company“) (NYSE: AMTD; SGX: HKB), a subsidiary of AMTD Group Company Limited (“AMTD group“) and a leading platform for comprehensive financial services and digital solutions, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission. The company’s 2021 annual results show This strong operational and financial performance for the year The management team delivered solid growth and demonstrated resilience despite the COVID-19 pandemic and volatile global market environment with heightened uncertainties.
In summary, the company achieved the following significant improvement in the following key parameters:
Total sales increased by around 25.0% compared to the previous year. Investment banking segment revenue reached approximately HK$597 million, well above the comparable amount of HK$456 million in the year of listing in 2019;
The net profit margin (before tax) has increased for three consecutive years since the listing in 2019 from 82.2% to about 95.2% for 2021;
Funding costs have fallen by over 53.7% for three consecutive years since our year of listing in 2019;
Profit (before tax) exceeded HK1.33 billion, up 32.9% year-on-year; and
Earnings per share attributable to shareholders reached HK$4.81, up 10.8% from the year of listing in 2019.
dr Feridun Hamdullahpur, Chief Executive Officer, commented, “AMTD IDEA presents more than just our exciting ideas, but a solid execution to deliver strong results and resilience despite the global pandemic and highly uncertain conditions for global markets. We are transforming from a traditional financial services provider to an innovative one-stop financial solutions platform to move from traditional to metaverse. AMTD IDEA strives not only to serve in a traditional way, but to transform itself into a digitally-enabled platform.”
Mr. William Fung, the Company’s Chief Executive Officer, added: “The management team is pleased to report solid financial results for fiscal year 2021, as we maintained healthy year-on-year growth across many key financial KPIs and metrics. that are specific to the industries in which we operate and the general macroeconomic and economic conditions caused by the ongoing pandemic around the world. Additionally, we are very excited about the future and growth trajectory of the company with the formation of AMTD IDEA Group by combining the forces of AMTD International and AMTD Digital after the year end to increase our impact and the scope of our solutions to customers.”
The annual report is available on the Company’s Investor Relations website at http://ir.amtdinc.com.
The Company will make a hard copy of its annual report containing the audited consolidated financial statements available to its shareholders and ADS holders free of charge upon request. Inquiries should be directed to AMTD’s IR Office, AMTD IDEA Group, 23/F Nexxus Building, 41 Connaught Road Central, Hong Kong.
About AMTD IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc. (NYSE: AMTD; SGX: HKB), is a leading Asian financial institution and digital solutions group serving businesses and investors from Asia, including China and Hong Kong, as well as the ASEAN Markets with the world connects capital markets. Its comprehensive one-stop financial services plus digital solution platform addresses the diverse and interconnected financial needs and digital requirements of different customers at all stages of their lifecycle. Leveraging its deep roots in Asia and its unique ecosystem – the “AMTD SpiderNet” – the company is uniquely positioned as an active superconnector between customers, business partners, venture capital companies and investors, connecting East and West. For more information, please visit www.amtdinc.com or follow us on Twitter @AMTDGroup. For company announcements, please visit https://ir.amtdinc.com/news.