Minth Group (00425.HK) saw its stock price plummet by 5.41% in early trading on Tuesday, following the release of its annual financial results. The sharp decline suggests that investors may have been disappointed with the company's performance or outlook.
According to the financial report, Minth Group posted a basic earnings per share (EPS) of RMB 2.019 for the fiscal year. The company reported revenue of RMB 23,147.1 million and a profit attributable to shareholders of RMB 2,319.3 million. The gross margin for the period stood at 28.9%.
Despite these figures, the market's negative reaction indicates that the results may have fallen short of investor expectations. The company has proposed a final dividend of HK$0.435 per share, which apparently did not offset the overall disappointment. Investors will likely be closely watching for any further guidance or commentary from Minth Group's management to understand the factors behind the financial performance and the company's future prospects.
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