tiprankstipranks
Grand Ming Group Reports Sharp Revenue Drop
Company Announcements

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.

For further insights into HK:1271 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!