Summary by Moomoo AI
RITAMIX Limited's revenue for the fiscal year 2024 grew by 4% year-on-year to 0.123 billion ringgit, with gross profit slightly decreasing by 1.3% to 25.77 million ringgit. Net profit fell by 30.2% to 7.68 million ringgit, with earnings per share at 1.76 sen. The Board of Directors has approved a special dividend of 0.11 Hong Kong dollars per share, totaling approximately 51.34 million Hong Kong dollars.The revenue growth was mainly driven by the distribution business, which saw a 13.5% increase in revenue to 94.78 million ringgit, primarily benefiting from successfully securing new sales contracts and increased demand from existing customers. However, revenue from the manufacturing business fell by 19% to 27.76 million ringgit due to intense price competition in Vitamins and mineral premix products.Looking ahead, the company will continue...Show More
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