WH Group Limited ( (HK:0288) ) has provided an update.
WH Group Limited announced its annual results for the year ended December 31, 2024, reporting a decrease in sales volume for packaged meats and pork by 3.0% and 4.9% respectively, and a 1.1% decrease in revenue. Despite these declines, the company saw a significant increase in operating profit by 63.4% and a 142.7% rise in profit attributable to owners before biological fair value adjustments. The company declared a special dividend of HK$0.18 per share in addition to interim and final dividends. This financial performance highlights WH Group’s strong operational efficiency and strategic positioning in the global pork market, particularly in China and North America, despite challenges in sales volume.
More about WH Group Limited
WH Group Limited is a leading global pork company with operations across multiple geographical regions, including China, the United States, Mexico, and Europe. The company is heavily involved in the production and sale of packaged meats and pork, with a significant portion of its revenue and operating profit derived from its operations in China and North America. The pork industry in these regions is influenced by various factors such as agricultural resources, government policies, and market dynamics.
YTD Price Performance: 14.93%
Average Trading Volume: 11,936
Technical Sentiment Signal: Sell
Current Market Cap: $11.16B
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