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Hong Kong stock movement | KB LAMINATES (01888) rose over 5%. Annual net profit increased over 46% but still fell short of expectations. Citibank predicts that the gross margin will expand rapidly in the first quarter.
KB LAMINATES (01888) rose over 5% in the early trading session, and as of this writing, it has increased by 4.79%, priced at 9.41 HKD, with a trading volume of 38.7666 million HKD.
Kingboard Laminates Holdings (HKG:1888) Is Finding It Tricky To Allocate Its Capital
Kingboard Laminates' 2024 Profit Jumps 46%
KB LAMINATES (01888) will distribute a final dividend of HKD 0.2 per share on July 3.
KB LAMINATES (01888) announced that it will distribute dividends on July 3, 2025, for those who hold shares until December 3, 2024...
KB LAMINATES (01888.HK) expects its basic net profit attributable to shareholders for the year 2024 to increase significantly by 36% to 1.349 billion HKD, and plans to distribute 50 HK cents per share.
Gelonghui, March 24 – KB LAMINATES (01888.HK) announced its annual results for the year ending December 31, 2024, with revenue of HKD 18.541 billion, a year-on-year increase of 11%; profit before tax of HKD 1.758 billion, up 38% year-on-year; after deducting credit impairment provisions of HKD 82.9 million for the group's Bonds investment, the basic attributable profit for shareholders increased significantly by 36%, reaching HKD 1.349 billion. The group's financial position remains robust, and the Board of Directors recommends a final dividend of HKD 0.20 per share and a special final dividend of HKD 0.30 per share.
Express News | Kingboard Laminates - Proposed Special Final Dividend HK30.0 Cents per Share
