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Movers | World Gold Group surges 15% after last year's profit falls short of guidance
Universal Gold Group (03939) reported a profit performance last year that was below earlier profit forecast, causing the stock price to plummet over 15%, with a maximum drop of 16.1%, hitting a low of HKD 12.15.
As of 10:32 a.m., the stock was at HKD 12.32, down 14.9%, with a turnover of HKD 617 million.
The company announced that its attributable net profit for the year ending 2025 is RMB 1.355 billion, an increase of 1.35 times year-on-year, below the earlier profit forecast of RMB 1.4 billion to RMB 1.5 billion, representing a year-on-year increase of 1.43 to 1.61 times. Earnings per share are 31.04 cents. The final dividend is 10.1 cents.
During the period, revenue was RMB 3.161 billion, up 68.5% year-on-year. Gross profit margin increased by 21.1 percentage points to 74.3%.