China Shengmu Organic Milk Swings to Loss in 2024 as Revenue Falls 8%

MT Newswires Live

03/27

China Shengmu Organic Milk (HKG:1432) swung to an attributable loss of 65.5 million yuan in 2024 from an attributable profit of 86.1 million yuan in 2023, according to a Wednesday filing with the Hong Kong bourse.

Loss per share at the organic dairy company came in at 0.0080 yuan, versus a loss per share of 0.0103 yuan in the previous year.

Revenue declined 7.6% to 3.13 billion yuan from 3.38 billion yuan a year earlier.

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