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VEDAN INT'L: INTERIM REPORT 2024
CITIC Securities: How to look forward to the future of the csi sws food & beverage index & liquor sector in the mid-term report?
CITIC Securities released a research report stating that the Q2 light meal chain industry continues to show weak demand, with pressure on store efficiency and expansion.
Vedan International Swings to Profit in H1
Vedan Int'l released its interim performance, with a net profit attributable to shareholders of 8.331 million US dollars, reversing losses from the same period last year.
Vedan Int'l (02317) released its interim results for the six months ending June 30, 2024. The group earned revenue of 185 million US dollars, a 2% decrease year-on-year. The company's owners' net profit amounted to 8.331 million US dollars, compared to a loss of 1.468 million US dollars in the same period last year. Basic earnings per share were 0.55 US cents, and a mid-term dividend of 0.273 US cents per share was proposed. In the first half of 2024, the group benefited from the fall in energy prices, resulting in a gross margin of 17.8%, up from 11.9% in the first half of 2023. Gross margin was 32.903 million US dollars, up 104% from the same period last year.
Vedan Int'l (02317.HK) has turned its interim loss into a profit with a total of 8.331 million US dollars.
Vedan International (02317.HK) announced that its half-year performance ended on June 30, 2024, with revenue of $0.185 billion, a 2.0% decrease year-on-year. The company's net profit attributable to owners was $8.331 million, compared to a loss of $1.468 million in the same period last year, turning losses into profits. Basic earnings per share were 0.55 cents. The company plans to distribute an interim dividend of 0.273 cents per share. The decline in revenue is mainly due to the slowdown in market conditions and demand in various markets. Among the group's main products, the sales prices and revenue of the monosodium glutamate products have declined due to the slowing of consumer market demand and increased competition, while energy costs have
Express News | Corrected-Vedan International (Holdings) H1 EPS USD 0.005 (Corrects Amount)
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