Summary by Futu AI
New Olympic Energy (02688.HK) announced results for the year ended December 31, 2023, with sales of RMB113,858 million, an increase of 3.5% over the same period last year. However, core profit fell 4.8% to RMB7,586 million. Basic earnings per share rose 16.3% to RMB6.05. THE COMPANY ANNOUNCED THAT IT HAS PAID AN INTERIM DIVIDEND PER SHARE AND PROPOSED FINAL DIVIDEND OF HK$2.95 PER SHARE, A SLIGHT INCREASE OF 1.4% FROM LAST YEAR. Natural gas retail sales decreased 3.1%, while general energy sales increased by 56.0%. Faced with the challenges of weak global economic growth and slow domestic economic recovery, New Olympic Energy is actively adjusting its business strategy, strengthening its security brand, and actively promoting smart development. The company will continue to focus on climate change issues and promote sustainability through the ESG Smart Ecological Platform to improve data quality. The Board proposes that a final dividend of HK$2.31 per share be paid on 26 July 2024.