$1.240
-0.048 (-3.88%)Al cierre
Noticias de ZKIN
Eventos de ZKIN
ZK International Group Files $500M Mixed Securities Shelf
ZK International Group files $500M mixed securities shelf
ZK International Group Secures $3.88 Million Contract for Stainless Steel Pipe from China Gas
ZK International Group subsidiary Zhejiang Zhenkang Industrial secured the bid for the centralized procurement project of thin-walled stainless steel pipes from Yipinhui Smart Living, a subsidiary of China Gas, with a contract value of RMB27.54M, or $3.88M. The procured 304-grade thin-walled stainless steel pipes and fittings, totaling over 1.43 million meters, will be extensively deployed in public health drinking water projects such as direct drinking water systems, providing robust safeguards for residents' healthy and safe water consumption.
Eight Options Set for Delisting on August 18th
Option delistings effective August 18th include Q32 Bio Inc (QTTB), Hyperdynamics Corp (HYPD), Bionano Genomics (BNGO), Allurion Technologies Inc (ALUR), Moxian (BVI) Inc (ABTS), Spi Energy Co Ltd (SPIEF), TVARDI THERAPEUTICS INC (TVRD), and ZK International Group Ltd (ZKIN).
ZK International Group regains Nasdaq listing compliance
ZK International Group announced that the bid price deficiency concern raised by Nasdaq has been resolved. The company has received written notification from Nasdaq notifying the company that it has regained compliance with the minimum bid price requirement as the company's closing bid price exceeded $1.00 for 10 consecutive business days. On February 14, the Staff notified the company that it has regained compliance with the Rule and the matter is now closed.
ZK International Group reports FY24 EPS (8c) vs. ($1.94) last year
Reports FY24 revenue $108.2M vs. $111.6M last year. The company said the decrease of operational loss was mainly due to improved gross margin performance and reduced one-off asset impairment costs that incurred during FY23. Reports FY24 Net book value per share 82c vs. 80c last year. Jiancong Huang, Chairman of ZK International, commented, "The business climate is steadily improving, marking a turning point for ZK International. The improvement in our financial performance for the Fiscal Year end of FY24 underscores our resilience and strategic focus during challenging times. With market conditions recovering, our expanded market share, enhanced operational strategies, and commitment to innovation and quality position us to capitalize on this momentum. As we strengthen our global presence and drive innovation, we anticipate significant growth in the next few years, including increased profit margins and net profit. ZK International is entering an exciting new era of expansion, and we are confident in achieving sustainable growth and creating long-term value for our shareholders."
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