Wai Yuen Tong Medicine Holdings Limited (HK:0897) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Wai Yuen Tong Medicine Holdings Limited reported an increase in revenue to HK$783.9 million, up by 8.3% for the fiscal year ended 31 March 2024, while gross profit jumped by 15.3%. Despite a significant drop in net asset value and cash equivalents, the company managed to reduce its gearing ratio by over 24%. In light of these results, a proposed cash dividend per share has been announced, including a special dividend.
For further insights into HK:0897 stock, check out TipRanks’ Stock Analysis page.