The latest update is out from China Conch Venture Holdings ( (HK:0586) ).
China Conch Venture Holdings Limited reported a revenue decrease of 21.76% for the year 2024, amounting to approximately RMB6,270.74 million compared to the previous year. The net profit attributable to equity shareholders also saw a decline of 18.03%, totaling approximately RMB2,019.56 million. Despite the decrease in profits, the company proposed a final cash dividend of HK$0.30 per share for 2024, with a total dividend of HK$0.40 per share for the year, reflecting an increase from the previous year’s HK$0.20 per share. This announcement highlights the company’s commitment to returning value to shareholders despite facing financial challenges.
More about China Conch Venture Holdings
China Conch Venture Holdings Limited is a company incorporated in the Cayman Islands with limited liability. It is engaged in various industrial ventures, focusing on the production and sale of building materials, environmental protection, and energy-saving solutions.
YTD Price Performance: 18.66%
Technical Sentiment Signal: Sell
Current Market Cap: $1.73B
Learn more about 0586 stock on TipRanks’ Stock Analysis page.