tiprankstipranks
Trending News
More News >

China Starch Holdings Reports Strong Profit Growth Despite Revenue Dip

Story Highlights
China Starch Holdings Reports Strong Profit Growth Despite Revenue Dip

Don’t Miss TipRanks’ Half-Year Sale

China Starch Holdings Limited ( (HK:3838) ) has shared an update.

China Starch Holdings Limited announced its annual results for the year ended December 31, 2024, reporting a revenue of RMB 11.42 billion, a slight decrease of 3.2% from the previous year. Despite the drop in revenue, the company achieved significant growth in profitability, with gross profit increasing by 109% and operating profit surging by 418.2%. The profit attributable to shareholders rose by 346.7%, reflecting improved operational efficiency and cost management. The proposed final dividend per share also increased by 42%, indicating a positive outlook for shareholders.

More about China Starch Holdings Limited

China Starch Holdings Limited is a company incorporated in the Cayman Islands, focusing on the production and sale of starch and related products. The company operates in the food industry, providing essential ingredients for various food products.

YTD Price Performance: 21.58%

Average Trading Volume: 13,584,689

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$1.35B

For detailed information about 3838 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1