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China Foods Limited (HKG:506) Just Released Its Full-Year Earnings: Here's What Analysts Think
China Foods Posts Higher Profit in 2024
Hong Kong stocks movement | CHINA FOODS (00506) rose nearly 6% in the afternoon, with product price increases offsetting the impact of volume decline, resulting in a 3.4% year-on-year increase in net profit for the whole year.
CHINA FOODS (00506) rose nearly 6% in the afternoon, as of the time of writing, it increased by 5.76%, priced at 2.94 Hong Kong dollars, with a transaction amount of 10.61 million Hong Kong dollars.
CHINA FOODS (00506) will distribute a final dividend of 0.153 yuan per share on July 9.
CHINA FOODS (00506) announced that it will distribute dividends on July 9, 2025, for the period ending December 3, 2024...
CHINA FOODS released its annual performance with a profit attributable to Shareholders of 0.861 billion yuan, an increase of 3.36% year-on-year.
CHINA FOODS (00506) announced its annual results for the year ending December 31, 2024, with revenue of 21.492 billion yuan (RMB, the same below), an increase of 0.21% year-on-year; the profit attributable to Shareholders was 0.861 billion yuan, a year-on-year increase of 3.36%; the basic earnings per share were 30.76 cents; a final dividend of 0.153 yuan per share is proposed. The announcement stated that in 2024, due to the decline in sales as water products are undergoing transformation and upgrading, the overall sales of CHINA FOODS fell year-on-year, but under the company's Global Strategy of actively raising prices and improving product structure, the average price of products has increased significantly.
China Foods: Will Continue to Actively Promote Key Strategies to Improve Gross Profit Margin>0506.HK
