Ganfeng Lithium Swings to Loss in 2024

MT Newswires Live

03-31

Ganfeng Lithium (HKG:1772, SHE:002460) swung to an attributable loss of 2.07 billion yuan in 2024 from a profit of 4.98 billion yuan in 2023, according to a Friday filing with the Hong Kong bourse.

The lithium miner swung to a loss per share of 1.03 yuan from earnings per share of 2.47 yuan. Analysts at Visible Alpha estimated EPS at 0.09 yuan.

Revenue plunged to 18.7 billion yuan from 32.8 billion yuan. Visible Alpha analysts forecast revenue at 18.6 billion yuan.

The company declared a final dividend of 1.50 yuan per 10 shares or 0.15 yuan per share.

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