Stock Track | NWS Holdings Soars on Robust Annual Earnings and Higher Dividends

Stock Track09-25

Shares of NWS Holdings Ltd. surged more than 5% on Tuesday morning, buoyed by the company's impressive annual results and an increased dividend payout for the fiscal year ended June 30, 2024.

The Hong Kong-based conglomerate reported a 44% jump in profit attributable to shareholders, reaching HK$2.08 billion, compared to HK$1.45 billion in the previous fiscal year. Earnings per share also saw a significant increase, rising from HK$0.40 to HK$0.56.

Following the strong performance, NWS Holdings' board declared a final dividend of HK$0.35 per share, higher than the HK$0.31 paid out in the previous fiscal year. This move was well-received by investors, driving the company's stock price up by over 2% on the day the results were announced.

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