Fourace Industries Reports Decline in Annual Profit

Fourace Industries Group Holdings Limited (HK:1455) has released an update.

Fourace Industries Group Holdings Limited reported a notable decline in annual revenue by 26.7% and profit by 39.7% for the fiscal year ended March 31, 2024, compared to the previous year. Despite a decrease in gross profit, the company saw an increase in gross profit margin from 30.7% to 36.3%. No final dividend will be paid for FY2024, contrasting with the previous year’s dividend payments.

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