WuXi XDC Cayman Posts 277% Profit Increase in 2024

MT Newswires Live

03-25

WuXi XDC Cayman (HKG:2268) reported a 277% increase in profit attributable to owners for 2024 to 1.07 billion yuan from 283.5 million yuan in the previous year, according to a filing with the Hong Kong bourse on Monday.

Earnings per share were 0.83 yuan, a 219% increase from 0.26 yuan a year ago. Analysts polled by Visible Alpha estimated EPS at 0.82 yuan.

Revenue for the year rose 91% to 4.05 billion yuan from 2.12 billion yuan in the prior year. Analysts polled by Visible Alpha estimated revenue at 3.62 billion yuan.

The board did not recommend to pay a final dividend for the year ended Dec. 31, 2024.

Shares of the company declined over 2% in recent trade.

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