Sinotruk Jinan Truck 2024 Profit Up 37%; Shares Jump 5%

MT Newswires Live

03/28

Sinotruk Jinan Truck (SHE:000951) posted 2024 net profit attributable to shareholders of 1.48 billion yuan, up 37% from 1.08 billion yuan the previous year.

Earnings per share rose 38% year over year to 1.27 yuan from 0.92 yuan, according to a Friday filing with the Shenzhen bourse.

The truck manufacturer's revenue climbed 6.8% to 44.9 billion yuan from 42.1 billion yuan.

Sinotruk Jinan Truck declared a 2024 dividend of 0.405 yuan per share.

Shares of the company jumped 5% in recent trade.

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