tiprankstipranks
Trending News
More News >

TravelSky Technology Announces Strong 2024 Financial Results and Dividend Policy Adjustment

Story Highlights
TravelSky Technology Announces Strong 2024 Financial Results and Dividend Policy Adjustment

The latest update is out from TravelSky Technology ( (HK:0696) ).

TravelSky Technology Limited reported a significant financial performance for the year ended December 31, 2024, with a total revenue of approximately RMB8,823.0 million, marking a 26.3% increase from the previous year. The net profit attributable to shareholders rose by 48.3% to RMB2,074.3 million. The company announced a proposed adjustment to its dividend policy, increasing the payout range from 30%-40% to 35%-45% of the net profit. This strategic move, alongside the recommendation of a final cash dividend of RMB0.239 per share, reflects the company’s robust financial health and commitment to enhancing shareholder value.

More about TravelSky Technology

TravelSky Technology Limited is a company incorporated in the People’s Republic of China, operating in the technology sector. It focuses on providing information technology solutions and services, primarily catering to the travel and aviation industries.

YTD Price Performance: 7.09%

Average Trading Volume: 14,239

Technical Sentiment Signal: Hold

Current Market Cap: $4.15B

See more data about 0696 stock on 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