MIGAO GROUP Reports Fiscal Year Results with 21.47% Rise in Attributable Profit

Stock News
06/25

MIGAO GROUP (HKG: 09879) has announced its annual results for the period ending March 31, 2026. The group achieved revenue of 6.175 billion yuan, representing an increase of 24.35% year-on-year. Profit attributable to the company's owners was 373 million yuan, a rise of 21.47% compared to the previous year. Earnings per share stood at 0.41 yuan, and the board has recommended a final dividend of 0.083 yuan per share.

The group's net profit for the 2026 fiscal year was approximately 378 million yuan, an increase of about 11.3% from the approximate 339.5 million yuan reported in the 2025 fiscal year. This growth was primarily driven by an increase in the group’s revenue and gross profit, an improvement in the share of results of joint ventures, and a reduction in impairment losses (net of reversals). However, these positive factors were partially offset by an increase in income tax expenses and a rise in losses from other gains and losses.

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