According to the Wisdom Financial APP, MGM Holdings (09879) fell 4% in the afternoon, and as of press time it fell 3.47%, trading at HKD 7.24, with a turnover of HKD 3.476 million.

In terms of news, MGM Holdings announced its annual results for the fiscal year ending March 31, 2024. The total revenue was approximately RMB 3.7705 billion, a year-on-year decrease of approximately 20.2%. The attributable net income of the company's owners was approximately RMB 252 million, a decrease of 37.67% year-on-year. It is proposed to distribute a final dividend of HKD 0.061 per share.

The decrease in net income was mainly due to the global uncertainty in the supply of potassium chloride, which resulted in higher market prices for potassium fertilizer products in the fiscal year 2023; and the last quarter of fiscal year 2024 was the group's peak season, but due to the still weak market sales price of potassium fertilizer products, the net income of the group did not rise with the sales volume of potassium fertilizer products.