Shares of POP MART (HKG:9992) are soaring 6.30% in intraday trading, as investors react positively to the company's impressive 2024 financial results released earlier today. The toy maker's performance significantly exceeded market expectations, driving strong buying interest in the stock.
According to the company's filing with the Hong Kong Stock Exchange, Pop Mart's attributable profit for 2024 skyrocketed by 189% to 3.13 billion yuan, up from 1.08 billion yuan in the previous year. This remarkable growth was underpinned by a substantial increase in revenue, which soared 107% to 13.04 billion yuan. The company's earnings per share also saw a significant boost, rising 190% to 2.35 yuan from 0.81 yuan in 2023.
Adding to investor enthusiasm, Pop Mart declared a final dividend of 0.8146 yuan per share, payable on June 20 to shareholders of record as of June 4. This generous dividend payout further underscores the company's strong financial position and commitment to shareholder returns. The market's bullish reaction to these results reflects growing confidence in Pop Mart's business model and its ability to capitalize on the booming collectible toy market in China and beyond.
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