Value Partners Group Posts 35% Higher 2024 Attributable Profit, Shares Slide 11%

MT Newswires Live
14 Mar

Value Partners Group (HKG:0806) reported a profit for the year attributable to owners of HK$31.2 million for 2024, a 35% increase compared with HK$23.1 million in the previous year, according to a Thursday filing with the Hong Kong bourse.

The earnings per share were HK$1.70, compared with HK$1.30 a year ago.

Revenue for the year was HK$466.8 million, a 9.3% decrease compared with HK$514.9 million in the prior year.

The company declared a final dividend of $0.01 per share, which will likely be paid out on May 30.

The asset managers' share prices were down by 11% in recent trading.

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