tiprankstipranks
Trending News
More News >

Dah Sing Banking Group Reports 2024 Financial Results with Increased Profit

Story Highlights
Dah Sing Banking Group Reports 2024 Financial Results with Increased Profit

Confident Investing Starts Here:

Dah Sing Banking Group ( (HK:2356) ) has shared an update.

Dah Sing Banking Group Limited announced its audited financial results for the year ended December 31, 2024, reporting a 10.8% increase in profit attributable to shareholders, reaching HK$2,060,347,000. Despite a significant rise in credit impairment losses, the company achieved a 17.2% increase in operating income, driven by higher net interest and fee income. The proposed final dividend reflects a commitment to returning value to shareholders, although the total comprehensive income decreased compared to the previous year due to other comprehensive losses.

More about Dah Sing Banking Group

Dah Sing Banking Group Limited is a financial institution based in Hong Kong, primarily engaged in banking services. The company operates through its subsidiary, Dah Sing Bank, Limited, and focuses on providing a range of banking products and services to its clients.

YTD Price Performance: 19.02%

Average Trading Volume: 1,059,696

Current Market Cap: HK$13.72B

Find detailed analytics on 2356 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report 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