MAGNUSCONCORDIA (01172) announces annual performance, with the owner's share of profit reaching 49.929 million Hong Kong dollars, turning loss into profit year-on-year.
Yongtai Group (01172) announced the annual results for the year ending on March 31, 2026. The revenue from continuing operations was approximately 110 million Hong Kong dollars, a decrease of 10% year-on-year. The attributable profit to owners was 49.929 million Hong Kong dollars, turning the loss into profit year-on-year; earnings per share were 0.86 Hong Kong cents.
MAGNUSCONCORDIA (01172) announced its financial results for the fiscal year ending on March 31, 2026. The total revenue from continuing operations was approximately HKD 110 million, a decrease of 10% compared to the previous year. The net profit attributable to owners of the company was HKD 49.29 million, a turnaround from a loss to a profit, with earnings per share of 0.86 HK cents.
The company stated that the decrease in revenue was mainly due to a decrease in sales of printing products to about HKD 105 million. The turnaround from a loss to a profit was mainly attributed to the net gain of approximately HKD 153 million from the sale of the group's property development business in the previous year.
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