Summary by Moomoo AI
Primega Group reported unaudited financial results for the six months ended September 30, 2024, with revenue increasing 63% YoY to $9.57 million from $5.87 million. Despite higher revenue, net income decreased 44% YoY to $326,466, primarily due to increased cost of sales and operating expenses.The company's gross profit remained relatively stable at $1.41 million compared to $1.38 million in the previous year. Total assets increased to $14.82 million as of September 30, 2024, up from $13.37 million at March 31, 2024, while total liabilities decreased to $7.75 million from $9.08 million. Shareholders' equity significantly improved to $7.06 million, reflecting stronger financial position.
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