AustAsia Group (HKG:2425) narrowed its attributable loss by 41% to 750.6 million yuan in 2025 from 1.27 billion yuan a year prior, according to a March 27 Hong Kong bourse filing.
Shares of the dairy farmer were up 6% in Monday afternoon trading.
Loss per share stood at 0.92 yuan, compared with 1.81 yuan in the previous fiscal year.
Revenue was 2.47 billion yuan in the year, down 5.9% from 3.68 billion yuan in the prior-year period.
The firm attributed the narrower loss to a rise in gross profit and lower losses arising from changes in fair value less costs to sell of other biological assets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments