CITIC Resources Holdings First Half 2024 Financial Results Overview

Monday, 29 July 2024, 01:00
CITIC Resources Holdings, listed on the Hong Kong Stock Exchange under ticker HKG:1205, reported its earnings for the first half of 2024. The company's earnings per share fell to HK$0.045 compared to HK$0.049 in the same period last year. Notably, revenue for this period rose significantly to HK$3.94 billion, marking a 93% increase from the previous year. Despite the decline in EPS, the surge in revenue indicates strong operational performance. In conclusion, while the decrease in EPS may raise concerns, the overall financial growth suggests positive momentum for CITIC Resources going forward.
Simplywall
CITIC Resources Holdings First Half 2024 Financial Results Overview

CITIC Resources Holdings Financial Overview

CITIC Resources Holdings (HKG:1205) has released its first half 2024 earnings report. Here are the key takeaways:

  • EPS: The company's earnings per share have decreased to HK$0.045, down from HK$0.049 in 1H 2023.
  • Revenue Growth: Revenue surged to HK$3.94 billion, reflecting a remarkable 93% increase compared to the previous year's earnings.

Performance Analysis

Despite the decline in EPS, the substantial rise in revenue indicates that CITIC Resources is expanding its operations effectively. This growth trajectory suggests that the company may be well-positioned for future success.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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