Yangzijiang Financial’s FY2024 net profit surges 51% to $304.6m
Earnings per share stood at $0.0866.
Yangzijiang Financial posted a 51% year-on-year (YoY) rise in net profit to $304.6m in FY2024 from $201.8m a year ago.
Earnings per share stood at $0.0866.
The company’s cash and yield enhancement products recorded a 12% growth to $1.18b and a 150% increase in maritime fund assets to $579.3m.
Meanwhile, its debt investment business in China saw a 24% decline to $1.2b.
Total income for the period also dropped 6% YoY to $326.2m mainly due to lower interest income from a reduced average balance of debt investments in China, partially offset by stronger contributions from cash management activities and fund investments.
Yangzijiang Financial proposed a final dividend of $0.0345 per share, subject to shareholders’ approval.