China Alumcan (06898) released interim performance for the six months ended June 30, 2024, with net profit of 0.12 billion Hong Kong dollars, a year-on-year decrease of 3.98%; attributable profit to shareholders of 16.189 million Hong Kong dollars, a year-on-year decrease of 5.93%; basic earnings per share of 1.7 Hong Kong cents; and a proposed interim dividend of 0.28 Hong Kong cents per share.
China Alumcan (06898) released interim performance for the six months ended June 30, 2024, with net profit of 0.12 billion Hong Kong dollars, a year-on-year decrease of 3.98%; attributable profit to shareholders of 16.189 million Hong Kong dollars, a year-on-year decrease of 5.93%; basic earnings per share of 1.7 Hong Kong cents; and a proposed interim dividend of 0.28 Hong Kong cents per share.
The announcement stated that the decline in earnings was mainly due to changes in the domestic market conditions in China, the low consumer confidence leading to conservative consumer behavior, and the weak domestic demand further suppressing the overall market activity, ultimately resulting in a decrease in the group's earnings during the reporting period.
