Kingworld Medicines Group Ltd. Reports 2024 Annual Results with Increased Profit

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Kingworld Medicines Group Ltd. Reports 2024 Annual Results with Increased Profit

Kingworld Medicines Group Ltd. ( (HK:1110) ) has provided an update.

Kingworld Medicines Group Ltd. reported its annual results for the year ended December 31, 2024, showing a slight decrease in revenue by 1.6% to approximately RMB1,061,082,000. Despite the decline in gross profit and margin, the company experienced a notable increase in profit before taxation by 1.7% and a significant rise in profit for the year by 20.9% to RMB74,466,000. The board recommended a final dividend of HK3.17 cents per share, pending shareholder approval.

More about Kingworld Medicines Group Ltd.

YTD Price Performance: 1.09%

Average Trading Volume: 948,655

Technical Sentiment Signal: Buy

Current Market Cap: HK$282M

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