Stock Track | Linklogis Soars 5.30% Following Financial Results and Special Dividend Announcement

Stock Track
03-26

Linklogis Inc (09959.HK), a leading supply chain finance technology solution provider in China, saw its stock price soar by 5.30% in intraday trading on Wednesday. The surge comes on the heels of the company's release of its full-year financial results for the previous fiscal year.

According to the financial report released on Tuesday, Linklogis reported a full-year revenue of RMB 1,031 million, with a gross profit of RMB 717.3 million. The company maintained a strong gross margin of 69.6%, highlighting its operational efficiency. However, Linklogis also reported an adjusted net loss of RMB 679.3 million, indicating ongoing challenges in achieving profitability.

Despite the reported loss, investors seem to be responding positively to Linklogis' announcement of a final special dividend of HKD 0.03 per share. This unexpected move, especially in light of the company's net loss, may be seen as a sign of confidence from management in the company's future prospects and financial stability. The dividend announcement could be a key factor driving the stock's significant uptick, as it potentially signals management's optimism about the company's cash flow and long-term value proposition.

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