GF HYDROCOLLOID announced its 2024 performance, with profit attributable to company owners of HKD 62.171 million, turning from loss to profit year-on-year
GF HYDROCOLLOID announced its 2024 performance, with revenue of approximately 989 million yuan, a year-on-year decrease of 15.7%. The profit attributable to the company's owners was 62.171 million yuan, turning from a loss to a profit year-on-year, with basic earnings per share of 0.074 yuan and a final cash dividend of 1.2 Hong Kong cents per share. The decrease in revenue was mainly due to a decline in the selling price of algal materials, resulting in a significant reduction in sales revenue of carrageenan products by approximately 221 million yuan or 31.2%
According to the Zhitong Finance APP, GF HYDROCOLLOID (01084) announced its 2024 performance, with revenue of approximately HKD 989 million, a year-on-year decrease of 15.7%. The profit attributable to the company's owners was HKD 62.171 million, turning from a loss to a profit year-on-year. The basic earnings per share were HKD 0.074, and the final cash dividend was HKD 0.012 per share.
The announcement stated that the decrease in revenue was mainly due to the decline in the annual selling price of seaweed materials, which is a key determinant of the selling price of the group's carrageenan products, resulting in a significant decrease in sales revenue of carrageenan products by approximately HKD 221 million or 31.2% compared to the 2023 fiscal year
