SINOPEC Engineering (Group) Reports 5.5% Profit Increase in 2024

MT Newswires Live

03/17

SINOPEC Engineering (Group) (HKG:2386) reported a 5.5% increase in profit attributable to equity shareholders for 2024 to 2.47 billion yuan from 2.34 billion yuan a year earlier, according to a Sunday filing with the Hong Kong bourse.

Earnings per share were 0.56 yuan, a 5.7% increase compared with 0.53 yuan from the prior year.

Revenue saw a surge of 13.9% to 64.19 billion yuan from 56.35 billion yuan in the previous year.

The board proposed a final dividend of 0.208 yuan per share. With an already distributed interim dividend, the total dividend for the year amounted to 0.358 yuan per share, representing a dividend payout ratio of 65%, the filing added.

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