Summary by Moomoo AI
first pacific limited ("first pacific") announced in its mid-term performance announcement for 2024 that its contribution from operating profit increased by 12.2% to $0.3912 billion from $0.3487 billion. Recurring profit also increased by 12.7% to $0.3391 billion from $0.3008 billion. However, revenue decreased by 7.7% to $4.9951 billion from $5.4112 billion. Net profit attributable to owners of the parent company decreased by 19.6% to $0.2778 billion from $0.3456 billion. Recurring basic earnings per share increased by 12.7% to $0.08 from $0.071. Basic earnings per share decreased by 19.6% to $0.0656 from $0.0816. In addition, first pacific announced the distribution of an interim dividend of 12.00 Hong Kong cents per ordinary share. Net assets attributable to owners of the parent company decreased by 1.1% to $3.6476 billion as of June 30, 2024, from $3.688 billion as of December 31, 2023. Net debt decreased by 1.2% to $8.3528 billion as of June 30, 2024, from $8.4503 billion as of December 31, 2023. Debt-to-equity ratio increased from 0.73 times as of December 31, 2023, to 0.75 times as of June 30, 2024.
