HSC Group Reports Higher Revenue but Lower Profit

Windmill Group Ltd. (HK:1850) has released an update.

HSC Resources Group Limited reported a significant revenue increase of 42.1% year-over-year, reaching HK$394.5 million for the fiscal year ending April 30, 2024. However, the company’s profit declined to HK$2.2 million, a sharp decrease from the previous year’s HK$7.4 million, attributed to a lower gross profit margin, reduced other income, and higher finance costs. No final dividend will be paid out for the year.

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