Zk International Group Co (ZKIN) has released an update.
ZK International Group Co., Ltd. has reported a record revenue of $52.89 million in the first half of fiscal year 2024, marking a 6.5% increase, primarily driven by heightened demand from the recovering real estate market. Despite the revenue growth, the company faced a slight gross margin decline due to rising raw material costs, particularly for stainless steel coil, and reported a net loss of $0.48 million, widening from a $0.06 million loss in the previous year.
For further insights into ZKIN stock, check out TipRanks’ Stock Analysis page.