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There May Be Reason For Hope In China-Hongkong Photo Products Holdings' (HKG:1123) Disappointing Earnings
China-Hongkong Photo Products Records Lower Profit in Fiscal 2024
CHINA-HK PHOTO: NOTICE OF ANNUAL GENERAL MEETING
CHINA-HK PHOTO: ANNUAL REPORT 2023/24
China-Hongkong Photo Products' Profit Down in Fiscal Year 2024
China-HK Photo (01123.HK) achieved a net income of HKD 29.80 million for the year and intends to distribute a final dividend of 1 Hong Kong cent per share.
China-HK Photo (01123.HK) announced that its revenue increased by 2.1% to HKD 1.102 billion for the year ended March 31, 2024; net income attributable to shareholders was HKD 29.8 million (FY2022/23: HKD 40.8 million), with earnings per share of 2.51 Hong Kong cents, and the Board of Directors recommends a final dividend of 1 Hong Kong cent per share of common stock. The announcement stated that the comprehensive income for this year was HKD 1.102 billion, a slight increase of 2.1% from the previous year. After the end of the COVID-19 pandemic in 2019, the performance of various business segments of the group in this fiscal year differed greatly.
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