MIGAO GROUP: DATE OF BOARD MEETING

Hong Kong Stock ExchangeJun 11 05:20 ET · Announcements

Changes in Hong Kong stocks | Migao Group (09879) once fell nearly 9%, and net profit for the 2024 fiscal year is expected to fall by about 34% to 39% year on year

The Zhitong Finance App learned that Migao Group (09879) once fell nearly 9% in early trading. As of press release, it had a decrease of 3.99% to HK$6.25, with a turnover of HK$4.153,300. According to the news, Migao Group issued a profit warning. The Group's net profit for the year ended March 31, 2024 was approximately RMB 256 million to RMB 280 million, a year-on-year decrease of about 34% to 39%. According to the announcement, the Group's net profit for the eight months ended November 30, 2023 decreased by about 32% compared to the same period in FY2023, mainly due to uncertainty about global potassium chloride (KCL) supply in FY2023

Zhitong FinanceJun 2 23:51 ET

Migao Group Expects Lower Net Profit Due to High Market Selling Price of Potash Fertiliser Products >9879.HK

Migao Group Expects Lower Net Profit Due to High Market Selling Price of Potash Fertiliser Products >9879.HK

Dow JonesMay 31 05:20 ET

Migao Group Forecasts Notable Profit Decline

TipRanksMay 31 05:18 ET

Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK

Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK

Dow JonesMay 31 05:15 ET

MGM Group (09879.HK) Profit Alert: Net profit for the 2024 fiscal year is expected to decrease by 34% to 39% year-on-year

On May 31, GLONGHUI | Migao Group (09879.HK) announced that for the year ended March 31, 2024 (“FY2024”), the Group's net profit for the fiscal year 2024 is estimated to be between RMB 256 million and RMB 280 million, a year-on-year decrease of about 34% to 39% compared to FY2023. Although the Group's sales volume of potash products in FY2024 increased compared to FY2023, the Group's net profit for FY2024 is expected to decrease due to related reasons.

Gelonghui FinanceMay 31 04:43 ET