Huadian Power International Posts Higher 2024 Profit

MT Newswires Live
03-28

Huadian Power International (HKG:1071) reported a profit attributable to equity holders for 2024 of 5.67 billion yuan, up from 4.60 billion yuan a year earlier, according to a filing with the Hong Kong bourse on Thursday.

Basic earnings per share increased to 0.459 yuan from 0.355 yuan a year ago. Analysts polled by Visible Alpha estimated EPS at 0.50 yuan.

Turnover decreased by 3.42% to 112.39 billion yuan from 116.38 billion yuan in the previous year. Analysts polled by Visible Alpha estimated revenue at 113.98 billion yuan.

The board proposed a final dividend of 0.13 yuan per share, subject to shareholders' approval. If approved, the dividend is expected to be paid on Aug. 30.

The company's Hong Kong shares gained over 2% in morning trade Friday.

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