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
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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%
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