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AustAsia Group Limited. ( (HK:2425) ) just unveiled an update.
AustAsia Group Limited reported a challenging financial year ending December 2024, with a revenue decline of 6.1% to RMB3,683.8 million and a significant net loss of RMB1,269.3 million. The losses were primarily due to a decrease in raw milk and beef cattle selling prices, which impacted gross profit and were exacerbated by changes in the fair value of biological assets. Despite these setbacks, the company achieved a 2.9% increase in milk yield per cow, indicating operational efficiency improvements.
More about AustAsia Group Limited.
AustAsia Group Limited, incorporated in Singapore, operates in the agricultural industry with a focus on dairy and beef cattle farming. The company is engaged in the production and sale of raw milk and beef cattle, primarily targeting markets in Asia.
YTD Price Performance: 44.44%
Average Trading Volume: 75,010
Technical Sentiment Signal: Sell
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