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There May Be Reason For Hope In China Aluminum Cans Holdings' (HKG:6898) Disappointing Earnings
CHINA ALUMCAN: 2024 Annual Report
China Aluminum Cans Holdings Limited's (HKG:6898) 27% Price Boost Is Out Of Tune With Earnings
CHINA ALUMCAN (06898.HK) is expected to have a revenue of approximately 0.228 billion HKD in 2024, which is a slight decrease of about 3.3% year-on-year.
On March 21, Gelonghui reported that CHINA ALUMCAN (06898.HK) announced that in 2024, the group recorded a total turnover of approximately 0.228 billion Hong Kong dollars, a slight decrease of about 3.3% compared to the same period in 2023. The group's net profit was approximately 18.7 million Hong Kong dollars, a decrease of about 14.5% compared to the same period in 2023. The net profit margin during the reporting period was approximately 8.2% (2023: approximately 9.3%). The earnings attributable to ordinary shareholders of the parent company was 1.9 Hong Kong cents per share. The decline in revenue is mainly due to changes in the domestic market conditions in China, where a lack of consumer confidence has led to conservative consumption behavior, and the weakness in domestic demand has further suppressed it.
Express News | China Aluminum Cans Holdings FY Revenue HKD 227.8 Million
Express News | China Aluminum Cans Holdings FY Net Income HKD 18.7 Million
