This was driven by an increase in distribution expenses due to higher warehousing costs by approximately RMB0.9 million following the increase in the level of inventories to cater to production requirements in the financial year.
Zhongxin Fruit has posted earnings of RMB2.3 million ($4.21 million) for FY2024 ended June 30, down 61.5% y-o-y from RMB6.0 million in the previous financial year.
For 2HFY2023, the group reported a loss of RMB0.6 million, reversing from earnings of RMB4.3 million in 2HFY2023.
