ICO Group (HKSE:01460) Retained Earnings : HK$210.8 Mil (As of Sep. 2023)

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What is ICO Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ICO Group's retained earnings for the quarter that ended in Sep. 2023 was HK$210.8 Mil.

ICO Group's quarterly retained earnings increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$196.6 Mil) and increased from Mar. 2023 (HK$196.6 Mil) to Sep. 2023 (HK$210.8 Mil).

ICO Group's annual retained earnings increased from Mar. 2021 (HK$0.0 Mil) to Mar. 2022 (HK$185.6 Mil) and increased from Mar. 2022 (HK$185.6 Mil) to Mar. 2023 (HK$196.6 Mil).

ICO Group Retained Earnings Historical Data

The historical data trend for ICO Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ICO Group Retained Earnings Chart

ICO Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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233.63

185.62

196.58

ICO Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-	185.62	-	196.58	210.84

ICO Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

ICO Group (HKSE:01460) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Retained Earnings

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Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
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