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KINGDOM HOLDING: INTERIM REPORT 2024
Kingdom Holding (00528.HK) saw a approximately 9.5% increase in attributable net profit to around 73.96 million yuan for the mid-term of the parent company.
Kingdom Holding (00528.HK) announced on August 29th that the company's revenue increased by approximately 37.5% to approximately RMB 1,129,916,000 for the six months ending on June 30, 2024. The surge in revenue was mainly due to the increase in the average selling price of linen yarn during the review period. The attributable net profit of the parent company's shareholders increased by approximately 9.5% from the previous period to approximately RMB 73,961,000 during the review period.
KINGDOM HOLDING: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
《Performance》Kingdom Holding (00528.HK) half-year net profit of RMB 73.961 million, up 9.5% year-on-year
Kingdom Holding (00528.HK) announced its interim performance as of the end of June this year, with revenue of 1.13 billion yuan (RMB) and a 37.5% year-on-year increase. The net profit is 73.961 million yuan, up 9.5% year-on-year; earnings per share is 0.12 yuan. No dividend was declared.
Haitong Securities: Continuous destocking of polyester filament factories, expecting improvement in end demand.
As the inventory of rayon continues to decrease, Haitong Securities expects downstream demand to further improve with the approach of the traditional peak season in September and October.
Kingdom Holding (00528.HK) held a board of directors meeting on August 29th to consider and, as appropriate, approve its interim performance.
Kingdom Holding (00528.HK) announced that the board of directors will hold a meeting on Thursday, August 29, 2024, to (including) (i) consider and, at its discretion, approve the interim results of the company and its affiliated companies for the six months ending June 30, 2024, and their publication; and (ii) consider the distribution of interim dividends (if any).
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