Vedan Int'l (02317) released its interim results for the six months ended June 30, 2024, with the group earning $0.185 billion in revenue, a 2% decrease year-on-year; the profit attributable to owners of the company was $8.331 million, compared to a loss of $1.468 million in the same period last year; basic earnings per share were $0.55, with a proposed interim dividend of $0.273 per share.
The group benefited from the lower energy prices in the first half of 2024, increasing the overall gross margin from 11.9% in the first half of 2023 to 17.8% in this period, with a gross margin of $32.903 million, an increase of $10.447 million from the same period last year; the net margin increased from -0.8% in the same period in 2023 to 4.5% in this period, with a net margin of $8.344 million, an increase of $9.809 million from the same period last year.
