Ferretti Posts 6% Higher 2024 Profit, Share Prices Rise 2%

MT Newswires Live

03/17

Ferretti (HKG:9638) reported a 5.9% increase in profit attributable to shareholders for 2024 to 87.9 million euros from 83.0 million euros a year earlier, according to a Friday filing with the Hong Kong bourse.

Earnings per share were 0.56 euros, a 5.7% increase compared to 0.53 euros from the prior year. Four Visible Alpha analysts expected an EPS of 0.24 Euros.

Revenue saw a surge of 9.3% to 1.24 billion euros from 1.13 billion euros a year earlier. Visible Alpha estimated the revenue to be around 1.22 billion euros.

The Board proposed a final dividend of 0.10 euros per share, subject to approval.

The yacht maker's share prices were up 2% in recent trading.

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