King Fook Holdings Reports Increased Annual Profit

King Fook Holdings Limited (HK:0280) has released an update.

King Fook Holdings Limited reported a profitable year with an increase in net profit to HK$85,191,000 for the fiscal year ending March 31, 2024, up from HK$79,452,000 the previous year. The company’s revenue, however, declined from HK$894,702,000 to HK$775,573,000, while both gross profit and operating profit saw a rise despite a decrease in overall sales. Shareholders experienced an earnings per share boost from 8.73 HK cents to 9.37 HK cents.

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