Wanguo Gold Group (03939.HK) saw its stock price surge by 5.56% in early trading on Thursday, following the release of its impressive full-year financial results and a dividend announcement. The mining company's strong performance has caught the attention of investors, driving the stock to new heights.
According to the financial report, Wanguo Gold Group achieved a net income attributable to shareholders of RMB 575.4 million for the fiscal year. The company's gross profit reached RMB 997 million, with a remarkable gross margin of 53.2%, indicating efficient operations and strong pricing power in the market. Additionally, the company reported capital expenditures of RMB 186.3 million, demonstrating its continued investment in growth and operational improvements.
In a move that further bolstered investor confidence, Wanguo Gold Group's board recommended the payment of a final dividend of RMB 14.5 cents per share. This dividend announcement, coupled with the robust financial results, signals the company's strong cash position and commitment to delivering value to shareholders. The positive news has likely contributed to the significant stock price increase, as investors react to the company's solid performance and shareholder-friendly policies.
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