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Million Hope Industries Holdings Ltd. ( (HK:1897) ) just unveiled an announcement.
Million Hope Industries Holdings Ltd. reported a significant decrease in revenue and profit for the year ending March 31, 2025, due to project delays and a downturn in the property and construction markets. The company’s gross profit margin also declined due to intense industry competition. Despite these challenges, the company managed to partially offset the profit drop through reversals of impairment losses and decreased losses from joint ventures. The net asset value slightly decreased due to dividends and share repurchases, and the total dividend per share for the year was reduced compared to the previous year.
More about Million Hope Industries Holdings Ltd.
Million Hope Industries Holdings Ltd. operates in the construction and property development industry, focusing on residential development projects, renovation works, and industry re-development.
Average Trading Volume: 18,645
Technical Sentiment Signal: Buy
Current Market Cap: HK$197.4M
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