First Pacific Limited ("First Pacific") announced in its mid-year performance announcement for 2024 that its contribution from operating surplus increased by 12.2% to 0.3912 billion US dollars from 0.3487 billion US dollars. Meanwhile, recurring surplus increased by 12.7% to 0.3391 billion US dollars from 0.3008 billion US dollars. However, revenue decreased by 7.7% to 4.9951 billion US dollars from 5.4112 billion US dollars. Share of profit attributable to owners of the parent company decreased by 19.6% to 0.2778 billion US dollars from 0.3456 billion US dollars. Earnings per share from recurring operations increased by 12.7% to 8.00 US cents from 7.10 US cents, while basic earnings per share decreased by 19.6% to 6.56 US cents from 8.16 US cents. In addition, First Pacific announced an interim dividend of 12.00 Hong Kong cents per ordinary share. Shareholders' equity attributable to...Show More

First Pacific Limited ("First Pacific") announced in its mid-year performance announcement for 2024 that its contribution from operating surplus increased by 12.2% to 0.3912 billion US dollars from 0.3487 billion US dollars. Meanwhile, recurring surplus increased by 12.7% to 0.3391 billion US dollars from 0.3008 billion US dollars. However, revenue decreased by 7.7% to 4.9951 billion US dollars from 5.4112 billion US dollars. Share of profit attributable to owners of the parent company decreased by 19.6% to 0.2778 billion US dollars from 0.3456 billion US dollars. Earnings per share from recurring operations increased by 12.7% to 8.00 US cents from 7.10 US cents, while basic earnings per share decreased by 19.6% to 6.56 US cents from 8.16 US cents. In addition, First Pacific announced an interim dividend of 12.00 Hong Kong cents per ordinary share. Shareholders' equity attributable to owners of the parent company decreased by 1.1% to 3.6476 billion US dollars as of June 30, 2024, from 3.688 billion US dollars as of December 31, 2023. Net indebtedness decreased by 1.2% to 8.3528 billion US dollars as of June 30, 2024, from 8.4503 billion US dollars as of December 31, 2023. The debt-to-equity ratio increased from 0.73 times as of December 31, 2023, to 0.75 times as of June 30, 2024.