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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
Migao Group Forecasts Notable Profit Decline
Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK
Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK
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.
MIGAO GROUP: PROFIT WARNING
MGM Group issues 8.94 million shares based on partial exercise of over-allotment rights
MGM Group (09879) issued an announcement to issue and allocate 8.94 million common shares based on partial exercise of over-allotment rights on April 22, 2024.
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