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Migao Group Reports Downturn in FY2024

Migao Group Holdings Limited (HK:9879) has released an update.

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Migao Group Holdings Limited reported a significant downturn in its financial results for FY2024, with a 20.2% drop in total revenue and a 34.5% decrease in profit compared to the previous year. Despite increased sales volumes of KCL and SOP, the company’s earnings per share fell by 38.3%. The Board proposed a final dividend of RMB0.061 per share amidst these challenging financial conditions.

For further insights into HK:9879 stock, check out TipRanks’ Stock Analysis page.

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