By Amanda Lee
Chinese restaurant operator Haidilao International's net profit rose in 2024, driven by higher revenue in its delivery business and other restaurant operations.
Its full-year net profit rose 4.6% to 4.71 billion yuan, equivalent to $649 million, the company said late Tuesday.
Haidilao's full-year revenue rose 3.1% to 42.75 billion yuan.
Revenue for its delivery business rose 20% to 1.25 billion yuan, while revenue from other restaurant operations increased 40% to CNY483.3 million.
The board has recommended a final cash 2024 dividend of 0.507 Hong Kong cents, or 7 U.S. cents, per share.
Looking ahead, the company said that its development initiatives mainly involve strategically pursuing acquisitions of highly-quality assets to further diversify its catering business patterns and customer base.
Write to Amanda Lee at amanda.lee@wsj.com
(END) Dow Jones Newswires
March 25, 2025 20:26 ET (00:26 GMT)
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