Haidilao International Posts Higher 2024 Profit; Share Rise 6%

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Haidilao International Posts Higher 2024 Profit; Share Rise 6%

MT Newswires Live03-26

Haidilao International Holding (HKG:6862) reported a profit attributable to owners of the company of 4.71 billion yuan for 2024, up from 4.50 billion yuan in the previous year, according to a filing with the Hong Kong Stock Exchange on Tuesday.

Basic earnings per share increased to 0.87 yuan from 0.83 yuan a year ago. Analysts polled by Visible Alpha estimated EPS at 0.83 yuan.

Revenue for the year increased 3.1% to 42.75 billion yuan from 41.45 billion yuan in the prior year. Analysts polled by Visible Alpha estimated revenue at 44.52 billion yuan.

The board recommended a final dividend of HK$0.507 per share, subject to shareholders' approval. If approved, the final dividend is expected to be paid on or before June 19 to shareholders on record as of May 28.

The restaurant operators' shares were up 6% in recent trading.

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