Summary by Moomoo AI
Kinetic dev Group Limited announced its interim business performance for the six months ended June 30, 2024, showing a 69.7% increase in company revenue from the same period last year, reaching 253.24 million RMB. Gross profit and gross margin were 155.47 million RMB and 61.4%, respectively, significantly higher than the same period last year. After-tax net profit and net profit margin also increased by 90.7% and 4.8 percentage points, reaching 108.52 million RMB and 42.9%, respectively. Basic and diluted earnings per share were 13.00 RMB, with an interim dividend of 4.0 Hong Kong cents per share declared. The company's business operation is stable and actively expanding its diversified subsidiary businesses based on coal business. The company's management team maintains a cautious and optimistic outlook for future operating cash inflows and financing capabilities, and will continue to monitor liquidity to ensure its ability to cope with future capital expenditures and debt repayment.
