Vedan International Reports Strong Profit Growth Despite Revenue Dip

Vedan International (Holdings) Ltd. ( (HK:2317) ) has shared an update.

Vedan International (Holdings) Limited has announced its financial results for the year ended December 31, 2024. The company reported a revenue of US$380.2 million, a slight decrease of 1.6% from the previous year. However, the gross profit increased by 19.5% to US$66.2 million, and the profit for the year surged by 129.6% to US$16.1 million. The significant increase in profit is attributed to improved operational efficiency and cost management, which also led to a higher proposed final dividend per share. This financial performance reflects positively on the company’s strategic positioning and could enhance stakeholder confidence.

More about Vedan International (Holdings) Ltd.

Vedan International (Holdings) Limited is a company incorporated in the Cayman Islands, primarily engaged in the production and distribution of food additives and related products. The company operates in the food industry, focusing on providing high-quality products to its customers.

YTD Price Performance: 14.55%

Average Trading Volume: 47,703

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$959.3M

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