Wh Group (OTC) ( (WHGRF) ) has released its Q4 earnings. Here is a breakdown of the information Wh Group (OTC) presented to its investors.
WH Group Limited is a leading global pork company, primarily involved in the production and sale of packaged meats and pork, with operations spanning China, North America, and Europe. In its latest earnings report for the year ended December 31, 2024, WH Group announced a significant improvement in financial performance, driven by strategic reforms and favorable market conditions. The company’s revenue slightly decreased by 1.1% to $25.94 billion, but operating profit surged by 63.4% to $2.4 billion, and profit attributable to owners increased by 142.7% before biological fair value adjustments. This growth was largely due to a turnaround in the pork segment, particularly in North America, and continued strength in the packaged meats segment, which achieved record operating results. Looking ahead, WH Group plans to focus on enhancing its pork business operations, expanding meat sales volume, and maintaining competitiveness in the market. The company remains committed to adapting to external changes, optimizing its industrial chain, and driving sustainable development to maximize shareholder value.