Primega Group Holdings Ltd. Reports 43.2% Increase in Total Revenues for Fiscal Year 2025; Gross Profit Declines by 39.3%
Primega Group Holdings Ltd. has reported its financial results for the fiscal year ending March 31, 2025. The company saw a 20.8% increase in revenues, reaching $13.5 million, up from $11.1 million the previous year. Net income for the year amounted to $1.1 million, representing a decrease of 6.5% from the $1.2 million reported in the previous fiscal year. Income from operations improved significantly by 44.8%, totaling $1.4 million compared to $989,334 in the prior year. The company highlighted that it has sufficient cash generated from operations to meet its regular working capital requirements for the next 12 months, based on existing contracts and management's financial projections. No material costs were incurred in research and development during the reported period, and the company did not possess any patents. Primega Construction, a subsidiary of Primega Group Holdings, maintains a quality management system certified to ISO 9001:2015 standards.
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