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Asia Grocery releases annual performance and gains revenue of HKD 292 million, a year-on-year increase of 2.2%.
Asia Grocery (08413) released its annual performance as of March 31, 2024, with a revenue of HKD 292 million, a YoY growth of 2.2%, and a net income of HKD 1.864 million. In the same period last year, there was a loss of HKD 4.408 million; the basic earnings per share was HKD 0.16. The performance turned a loss into a profit during the period mainly due to increased revenue, increased handling fee income received, reduced bad debt written off, reduced legal and professional fees, and reduced depreciation of properties, factories, and equipment, but partially offset by the increased cost of goods purchased from suppliers, reduced government grants received, increased director remuneration, increased depreciation of right-of-use assets, and increased transportation expenses.
ASIA GROCERY: Annual Report 2024
ASIA GROCERY: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 MARCH 2024
ASIA GROCERY: CHANGE OF DATE OF BOARD MEETING
ASIA GROCERY: DATE OF BOARD MEETING
SDIC Securities: The food and beverage industry is resilient and clearly actively recommends companies with changing competitiveness during the off-peak season
China Investment Securities believes that sector valuations are still at the bottom, excellent companies can still have excess profits, and continue to recommend the sector.
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