Welcome to our dedicated page for ZK International Group news (Ticker: ZKIN), a resource for investors and traders seeking the latest updates and insights on ZK International Group stock.
ZK International Group Co., Ltd. (ZKIN) delivers engineered piping solutions for global infrastructure projects. This news hub provides investors and industry professionals with timely updates on corporate developments, technological advancements, and market positioning.
Access official press releases covering earnings announcements, product innovations, strategic partnerships, and project milestones. Our curated news collection enables efficient tracking of ZKIN's progress in stainless steel applications for water systems, gas distribution, and large-scale construction projects.
Key updates include manufacturing expansions, sustainability initiatives, and participation in major infrastructure developments like Beijing National Airport. Bookmark this page for direct access to verified information about ZKIN's patented technologies and quality-certified operations.
ZK International Group Co., Ltd. (ZKIN) reported financial results for the fiscal year ending September 30, 2022, showing a revenue increase of 3.00% to $102.39 million, driven by a significant rise in average selling prices. Gross profit rose 17.38% to $7.60 million with a gross margin of 7.42%. Despite these gains, the company reported a net loss of $6.08 million, up 60.06% from the previous year, leading to a diluted loss per share of $0.21. Operational losses grew to $3.96 million due to one-off costs. The company remains optimistic about future growth, particularly in international markets, as demand for water and gas infrastructure increases.
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