China Resources Beer 2023 Net Rose on Higher Sales
Provided by
Dow Jones
By P.R. Venkat
China Resources Beer's 2023 net profit rose due to higher beer sales as the lifting of pandemic-related restrictions supported overall business.
Net profit rose 18.7% in the year to 5.15 billion yuan ($715.7 million), while consolidated revenue grew 10.4% to CNY38.93 billion , the company said Monday.
China Resources Beer also announced that it planned to pay a special dividend of CNY0.300 per share, bringing the overall 2023 payout to CNY0.936 per share.
"The recovery of China's economy is still at a critical stage, and the long-term trend remains positive," it said.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
March 18, 2024 00:57 ET (04:57 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?
-
Home Depot Earnings: Macro Factors Pinch Demand, but Long-Term Outlook Intact
-
Tariffs On Chinese EVs Offer US Automakers a Chance to Capture Demand
-
The Best REITs to Buy
-
3 Hot Stocks to Buy That Still Look Undervalued
-
After Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?