Summary by Moomoo AI
BAYWAY PACIFIC ANNOUNCED ON FEBRUARY 29, 2024 ITS ANNUAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023, AND PROPOSED AN INCREASE OF 40% IN THE FINAL DIVIDEND FROM 3.78 CENTS PER SHARE IN 2022 TO 5.29 CENTS IN 2023. The final dividend is expected to be distributed on or before June 30, 2024, pending approval by the Annual General Meeting. During 2023, the company outperformed the industry in China and India, with double-digit growth in both high-end and ultra-high-end categories. FULL-YEAR REVENUE WAS $6,856 MILLION, UP 11.1%, AND EARNINGS BEFORE NORMALIZED DEPRECIATION OF INTEREST TAX DEPRECIATION WERE $2,023 MILLION, AN INCREASE OF 10.8%. Sales also increased, with total sales of 92,767 million litres for the year, an increase of 4.6%. In addition, the company continues to advance its sustainability goals and is recognized for its corporate transparency and water safety performance.