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Lee & Man Chemical Reports 20.4% Profit Increase for 2024

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Lee & Man Chemical Reports 20.4% Profit Increase for 2024

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The latest announcement is out from Lee & Man Chemical Co. Ltd. ( (HK:0746) ).

Lee & Man Chemical Co. Ltd. reported a stable revenue of HK$3,951 million for the year ended December 31, 2024, with a notable 20.4% increase in profit to HK$482 million, attributed to reduced costs of raw materials and energy. The company’s gross profit margin improved by 3.3 percentage points to 29.5%, and it declared a final dividend of HK15 cents per share, bringing the total dividends for the year to HK29 cents per share, up from HK19 cents in 2023.

More about Lee & Man Chemical Co. Ltd.

Lee & Man Chemical Co. Ltd. operates in the chemical industry, focusing on the production and sale of chemical products. The company is also involved in property-related activities, although this represents a smaller portion of its revenue.

YTD Price Performance: 11.80%

Average Trading Volume: 245,678

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$3.44B

For detailed information about 0746 stock, go to TipRanks’ Stock Analysis page.

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