Vitasoy International Holdings (HK:0345) has released an update.
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.
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