Dekon Food and Agriculture Group Reports Strong Financial Turnaround in 2024

Dekon Food And Agriculture Group Class H ( (HK:2419) ) has provided an announcement.

Dekon Food and Agriculture Group announced its annual results for the year ending December 31, 2024, reporting a significant increase in revenue to RMB 22.46 billion from RMB 16.15 billion in 2023. The company achieved a profit before taxation of RMB 4.20 billion, a substantial turnaround from a loss of RMB 1.99 billion the previous year. This positive financial performance is attributed to increased sales volumes and higher average selling prices for their products, reflecting improved market conditions and operational efficiency. The results indicate a strong recovery and enhanced market positioning for Dekon, benefiting stakeholders and reinforcing its competitive stance in the agriculture sector.

More about Dekon Food And Agriculture Group Class H

Dekon Food and Agriculture Group is a joint stock company incorporated in the People’s Republic of China, operating within the food and agriculture industry. The company focuses on the sale of pigs, including market hogs, breeding pigs, and market piglets, as well as poultry products such as yellow-feathered broilers, chicks, and eggs.

YTD Price Performance: 14.03%

Average Trading Volume: 169,341

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$4.11B

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