Wuling Motors's Profit Balloons 116% in 2024

MT Newswires Live
03-26

Wuling Motors (HKG:0305) recorded a 116% rise in attributable profit in 2024 to 50.6 million yuan from 23.5 million yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

Earnings per share were 0.0153 yuan in the year, up from 0.0071 yuan in the last fiscal year.

The new-energy vehicle company's revenue fell by 24% to 7.95 billion yuan in the period from 10.5 billion yuan a year prior.

The firm recommended a final dividend of HK$0.005 per share for the year, payable on or before July 31 to shareholders of record on June 27.

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