CITIC Securities Reports 10% Growth in 2024 Profit; Revenue Beats Estimates

MT Newswires Live03-27

CITIC Securities (SHA:600030, HKG:6030) reported a 10.1% increase in net profit attributable to owners of the parent in 2024 to 21.70 billion yuan from 19.72 billion yuan in the previous year, according to a filing with the Hong Kong Stock Exchange on Wednesday.

Earnings per share increased to 1.41 yuan from 1.30 yuan a year ago. Analysts polled by Visible Alpha estimated EPS at 1.52 yuan.

Total revenue plus other income for the year rose 9.4% to 91.56 billion yuan from 83.73 billion yuan in the prior year. Analysts polled by Visible Alpha had projected 64.06 billion yuan in revenue.

The board recommended a final dividend of 0.28 yuan per share, which is expected to be paid on Aug. 31.

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