Yuan Heng Gas Holdings Ltd (HK:0332) 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.
Yuan Heng Gas Holdings Limited reported a significant decrease in gross profit for the fiscal year ended March 31, 2024, falling from RMB 251,695,000 in 2023 to RMB 76,726,000. The company faced a loss before tax of RMB 173,817,000, contrasting with a smaller loss of RMB 6,529,000 the previous year, largely due to increased impairment losses and lower sales. Overall, the group’s total comprehensive expense for the year was RMB 169,830,000, marking a challenging financial period.
For further insights into HK:0332 stock, check out TipRanks’ Stock Analysis page.