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Progressive Path Group’s Remarkable Yearly Turnaround

Progressive Path Group’s Remarkable Yearly Turnaround

Progressive Path Group Holdings Ltd. (HK:1581) has released an update.

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Progressive Path Group Holdings Ltd. reported a significant financial turnaround for the year ended March 31, 2024, with a 42.6% surge in revenue to HK$728.5 million and a profit of HK$22.2 million, contrasting sharply with the previous year’s HK$22.0 million loss. The company’s gross profit margin also increased notably from 0.7% to 7.9%, though it has decided against paying a final dividend for the year.

For further insights into HK:1581 stock, check out TipRanks’ Stock Analysis page.

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