ZK International Group reports FY24 EPS (8c) vs. ($1.94) last year
Financial Performance: ZK International reported FY24 revenue of $108.2M, a decrease from $111.6M last year, but noted improved gross margins and reduced asset impairment costs contributing to a lower operational loss.
Future Outlook: Chairman Jiancong Huang expressed optimism about the company's recovery and growth potential, highlighting strategic focus, market share expansion, and innovation as key drivers for sustainable growth and long-term shareholder value.
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ZK International Wins $3.88 Million Bid for China Gas Stainless Steel Pipe Project, Ushering in New Era of Healthy Drinking Water
Contract Award: ZK International's subsidiary, Zhejiang Zhenkang Industrial, has won a bid for thin-walled stainless steel pipes from Yipinhui Smart Living Technology, valued at RMB 27.54 million (approximately USD $3.88 million).
Product Application: The procured 304-grade stainless steel pipes will be used in public health drinking water projects, enhancing safe water consumption for residents.
Industry Leadership: Zhenkang Industrial is recognized as a benchmark in China's piping industry, contributing to national standards and focusing on health, safety, and environmental protection.
Future Commitment: ZK International aims to leverage innovation to advance the healthy drinking water pipeline sector, aligning with the Chinese government's commitment to improve water quality.
ZK International Launches Unique Financing Strategy as Public Market Gateway for Crypto's Viral Movement -- Targeting Billion Dollar XRP Community via ZKIN Warrants
ZK International's Financing Strategy: ZK International Group, along with its subsidiary xSigma Corporation, plans to raise up to $1 billion by offering warrants that can be exercised using Ripple's XRP, allowing XRP holders to invest in a Nasdaq-listed equity without converting their cryptocurrency into fiat currency.
Market Position and Compliance: The initiative aims to bridge the gap between decentralized finance and traditional public markets, supported by a strategic consulting agreement for compliance and governance, reflecting the growing integration of blockchain technology in financial markets.
