Simcere Pharmaceutical Group (HKG:2096) reported a 2.6% increase in profit attributable to equity shareholders for 2024 to 733.2 million yuan, from 714.8 million yuan in the previous year, according to a filing with the Hong Kong bourse on Monday.
Earnings per share grew to 0.29 yuan from 0.27 yuan a year ago. Analysts polled by Visible Alpha estimated EPS at 0.35 yuan.
Revenue for the year increased marginally by 0.4% to 6.64 billion yuan, from 6.61 billion yuan in the prior year. Analysts polled by Visible Alpha estimated revenue at 6.71 billion yuan.
The board declared a final dividend of 0.16 yuan per share, subject to shareholders' approval. The final dividend is expected to be paid on or before July 14 to shareholders on record as of June 24.
The company's shares were down nearly 3% in recent trading.
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