CALB's 2024 Profit More Than Doubles

MT Newswires Live

03-27

CALB (HKG:3931) attributable profit more than doubled to 591.2 million yuan in 2024 from 294.4 million yuan in 2023, according to a Wednesday filing with the Hong Kong bourse.

Earnings per share at the electric vehicle battery maker increased to 0.3336 yuan from 0.1661 yuan a year earlier. Analysts at Visible Alpha estimated EPS at 0.41 yuan.

Revenue inched up to 27.8 billion yuan from 27.0 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 32.1 billion yuan.

Shares fell 2% during Thursday's late morning trading.

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