Vitasoy International Holdings (HK:0345) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Vitasoy International Holdings reported a notable financial upswing for the year ended 31st March 2024, with a 155% surge in profit attributable to equity shareholders, despite a slight revenue dip. Gross profit margin improved to 50.0% from 47.5% due to higher selling prices and efficiency gains, propelling operations profit and EBITDA by 79% and 10% respectively. The company’s strong performance, particularly in Mainland China and Hong Kong, has led to a significant increase in dividends to HK7.7 cents per ordinary share.
For further insights into HK:0345 stock, check out TipRanks’ Stock Analysis page.
