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Grand Ming Group Holdings (HKSE:01271) Retained Earnings : HK$2,880 Mil (As of Sep. 2024)


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What is Grand Ming Group Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grand Ming Group Holdings's retained earnings for the quarter that ended in Sep. 2024 was HK$2,880 Mil.

Grand Ming Group Holdings's quarterly retained earnings increased from Sep. 2023 (HK$2,697 Mil) to Mar. 2024 (HK$2,828 Mil) and increased from Mar. 2024 (HK$2,828 Mil) to Sep. 2024 (HK$2,880 Mil).

Grand Ming Group Holdings's annual retained earnings increased from Mar. 2022 (HK$2,019 Mil) to Mar. 2023 (HK$2,869 Mil) but then declined from Mar. 2023 (HK$2,869 Mil) to Mar. 2024 (HK$2,828 Mil).


Grand Ming Group Holdings Retained Earnings Historical Data

The historical data trend for Grand Ming Group Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grand Ming Group Holdings Retained Earnings Chart

Grand Ming Group Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2,399.13 2,019.21 2,868.81 2,827.76

Grand Ming Group Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2,868.81 2,696.60 2,827.76 2,880.36

Grand Ming Group Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Grand Ming Group Holdings  (HKSE:01271) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Grand Ming Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.
Executives
Xu Chujia 2201 Interest of corporation controlled by you
Banco Well Link, S.a. 2106 Person having a security interest in shares
Well Link Holdings Limited 2201 Interest of corporation controlled by you
Lau Chi Wah 2101 Beneficial owner
Chan Hm Company Limited 2101 Beneficial owner
Chan Hung Ming 2201 Interest of corporation controlled by you
Lau Cw Company Limited 2101 Beneficial owner
Cheung Shuk Fong 2202 Interest of your spouse

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