{"id":689713,"date":"2022-09-28T09:04:25","date_gmt":"2022-09-28T13:04:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zk-international-group-co-ltd-announces-record-revenue-of-42-89-million-an-increase-of-1-71-for-the-first-half-of-fiscal-year-2022\/"},"modified":"2022-09-28T09:04:25","modified_gmt":"2022-09-28T13:04:25","slug":"zk-international-group-co-ltd-announces-record-revenue-of-42-89-million-an-increase-of-1-71-for-the-first-half-of-fiscal-year-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zk-international-group-co-ltd-announces-record-revenue-of-42-89-million-an-increase-of-1-71-for-the-first-half-of-fiscal-year-2022\/","title":{"rendered":"ZK International Group Co., Ltd. Announces Record Revenue of $42.89 Million, an Increase of 1.71% for the First Half of Fiscal Year 2022"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n WENZHOU,\u00a0China<\/span>, Sept. 28, 2022<\/span><\/span> \/PRNewswire\/ —\u00a0ZK International Group Co., Ltd.\u00a0(ZKIN)\u00a0(“ZK International” or the “Company”),\u00a0a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced its unaudited financial results for the six months ended March 31, 2022<\/span>.<\/p>\n

\n

\n
\n \"(PRNewsfoto\/ZK
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Financial Highlights for the First Half of Fiscal Year 202<\/b>
\n 2<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n For the Six Months Ended March 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n ($ millions, except per share data)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2022<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n % Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $42.89<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $42.17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.71\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gross profit<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $3.97<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $4.71<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n -15.73\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gross margin<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.25\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.16\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0-1.91% pp*<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (loss) from operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $0.24<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1.65)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 114.81\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating margin<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.57\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n -3.91\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0 \u00a04.48% pp*<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $0.001<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1.92)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 100.07\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted earnings per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $0.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(0.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 100\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net book value per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $3.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $3.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.32\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n * pp: percentage point(s)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n