HK Stock Market Move | OSL GROUP (00863) rose more than 10% in the afternoon, with revenue from all business lines increasing by over 70% year-on-year in 24 years.

OSL GROUP (00863) rose more than 10% in the afternoon, up 9.77% at the time of publication to HK$11.24, with a turnover of HK$315.453 million. On the news front, OSL GROUP announced its annual results, with revenue under International Financial Reporting Standards hitting a historical high, up 78.6% year-on-year to HK$374.7 million; net profit attributable to owners of the company amounted to HK$47.653 million, compared to a loss of HK$264 million in the same period last year; basic earnings per share were HK$0.08. Revenue growth in each business line in 2024 exceeded 70% year-on-year, and the net profit attributable to shareholders turned losses into profit for the first time. Sealand pointed out that OSL GROUP is one of the digital asset exchanges in Asia licensed by the Hong Kong Securities and Futures Commission, focusing on providing secure and compliant digital asset services for institutional, professional, and retail investors. The company is expected to continuously expand its product and service offerings to lay the foundation for the next stage of growth. As of December 31, 2024, OSL GROUP accounted for approximately 64% of the Hong Kong digital asset spot ETF market assets under management. OSL GROUP will accelerate its international market expansion through the dual drive of business growth and CKH HOLDINGS acquisition. With a focus on Southeast Asia, Europe, the Middle East, and other key markets, OSL GROUP will be expanding its presence through acquisitions and its own business development efforts.