CITIC (HK:0267) has released an update.
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CITIC Limited has reported a stable first-half performance in 2024, with profits rising marginally to RMB32.1 billion, driven by a strategic focus on operational excellence and risk resolution. The company’s upgraded credit rating to A- and its rise in the Fortune Global 500 rankings reflect its strong market position. An interim dividend increase to RMB0.19 per share demonstrates CITIC’s confidence in its fundamentals and commitment to shareholder returns.
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