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Yip's Chemical Holdings Reports Increased Profit Amid Challenging Market Conditions
Yip's Chemical Holdings Declares Final Dividend for 2024
YIP'S CHEMICAL GROUP (00408.HK) reported a year-on-year increase of 11.8% in net profit attributable to Shareholders for 2024, reaching 96.9 million Hong Kong dollars.
Gelonghui reported on March 21 that YIP'S CHEMICAL GROUP (00408.HK) announced its full-year performance for the year ending December 31, 2024. In the face of a highly challenging economic environment, the group actively promotes the development of its core Business in inks and industrial coatings to respond to the impact of the sluggish Real Estate market on its architectural coatings Business. The group's revenue and sales volume only slightly decreased by 1.7% and 9.6% respectively, reaching HKD 3.16 billion and 264,000 tons. Benefiting from positive sales strategy and effective cost control, the net profit attributable to Shareholders increased by 11.8% compared to last year, reaching HKD 96.9 million. The Board of Directors has proposed to distribute a dividend for the period.
YIP'S CHEMICAL (00408) will distribute a final dividend of HKD 0.11 per share on July 15.
YIP'S CHEMICAL GROUP (00408) announced that it will distribute a final dividend of HK$0.11 per share on July 15, 2025.
Express News | Yip's Chemical Holdings FY Revenue HKD 3,160 Million
Express News | Yip's Chemical Holdings FY Net Income Attributable HKD 96.9 Million
