Grand Ming Group Reports Sharp Revenue Drop

Grand Ming Group Holdings Ltd. (HK:1271) has released an update.

Grand Ming Group Holdings Limited reported a significant downturn in their annual financial results for the year ended March 31, 2024, with revenue plunging by 89.4% to $532.7 million and profit for the year falling by 76.6% to $298.5 million. Basic earnings per share also dropped to 21.02 cents from the previous year’s 89.85 cents. Additionally, the Board has decided not to issue a final dividend for this fiscal year.

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