Vitasoy International Holdings (HK:0345) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Vitasoy International Holdings reported a notable financial upswing for the year ended 31st March 2024, with a 155% surge in profit attributable to equity shareholders, despite a slight revenue dip. Gross profit margin improved to 50.0% from 47.5% due to higher selling prices and efficiency gains, propelling operations profit and EBITDA by 79% and 10% respectively. The company’s strong performance, particularly in Mainland China and Hong Kong, has led to a significant increase in dividends to HK7.7 cents per ordinary share.
For further insights into HK:0345 stock, check out TipRanks’ Stock Analysis page.
