VEDAN INT'L released its annual performance, with profit attributable to shareholders of USD 16.046 million, an increase of 129.7% year-on-year
VEDAN INT'L announced its annual results for the year ending December 31, 2024, with a profit attributable to shareholders of USD 16.046 million, an increase of 129.7% year-on-year. The group's revenue was USD 380 million, a decrease of 1.6% year-on-year. The basic earnings per share were 1.05 cents, and a final dividend of 0.57 cents per share is proposed. Benefiting from the decline in raw material and energy prices, the overall gross profit margin rose to 17.4%, with a gross profit of USD 66.243 million and a net profit margin increasing to 4.2%
According to the Zhitong Finance APP, VEDAN INT'L (02317) announced its annual results for the year ending December 31, 2024. The group achieved revenue of USD 380 million, a decrease of 1.6% year-on-year; profit attributable to owners was USD 16.046 million, an increase of 129.7% year-on-year; basic earnings per share were USD 0.0105, and a final dividend of USD 0.0057 per share is proposed.
The announcement stated that in 2024, benefiting from the decline in raw material and energy prices, the group's overall gross profit margin increased from 14.4% in 2023 to 17.4%, with gross profit of USD 66.243 million, an increase of USD 10.813 million compared to the same period last year; the net profit margin increased from 1.8% in the same period of 2023 to 4.2%, with net profit of USD 16.071 million, an increase of USD 9.07 million compared to the same period last year
