[Stock Movement] L & M CHEMICAL fell nearly 7% as last year's revenue declined
L & M CHEMICAL's profit increased by over 20% last year, but revenue declined, and the stock price once fell by 6.9%, reaching a low of HKD 3.91. The group announced a profit of HKD 482 million for the year ending December last year, an increase of 20.37% year-on-year; total revenue was HKD 3.951 billion, a year-on-year decrease of 2.46%. The basic earnings per share were HKD 0.585, with a final dividend of HKD 0.15, and the total dividend for last year was HKD 0.29, an increase of 52.63%
L & M CHEMICAL ( 00746) reported a profit increase of over 20% last year, but revenue declined, causing the stock price to drop by 6.9% at one point, hitting a low of HKD 3.91, and closing at HKD 3.92, still down 6.7%, with a transaction volume of HKD 4.69 million.
The group announced that for the year ending December last year, the profit was HKD 482 million, an increase of 20.37% year-on-year; basic earnings per share were HKD 0.585; a final dividend of HKD 0.15 was declared; together with the interim dividend, the total dividend for last year was HKD 0.29, an increase of 52.63%.
During the period, total revenue was HKD 3.951 billion, a year-on-year decrease of 2.46%. The gross profit margin was 29.5%, an increase of 3.3 percentage points.
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