China CITIC Announces Surge in H1 2024 Profits
Company Announcements

China CITIC Announces Surge in H1 2024 Profits

China Huarong Asset Management Co., Ltd. Class H (HK:2799) has released an update.

China CITIC Financial Asset Management Co., Ltd. has issued a profit alert, announcing a substantial increase in net profit for the first half of 2024, ranging from 191% to 212% compared to the same period last year. The company attributes this growth to a recovering macro economy, strategic transformations, and enhanced risk management. Shareholders and potential investors are cautioned to review the official interim results expected to be released by the end of August 2024 before making any investment decisions.

For further insights into HK:2799 stock, check out TipRanks’ Stock Analysis page.

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