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China Travel's 2024 Profit Falls
China Travel Signs Financial Services Agreement With CTG Finance
CHINA TRAVEL HK (00308.HK) had a total revenue of 4.627 billion Hong Kong dollars in 2024, an increase of 3% year-on-year.
On March 26, Glorious Group announced that CHINA TRAVEL HK (00308.HK) reported a total revenue of HKD 4.627 billion for 2024, an increase of 3% compared to the previous year. Shareholder profit amounted to HKD 0.106 billion, down 56% from the previous year. The group's cash flow remains stable and abundant, with a robust and manageable level of debt, and the financial condition remains healthy. As of December 31, 2024, cash and bank balances were HKD 2.444 billion, total assets were HKD 24.532 billion, and the debt-to-capital ratio was 32%. An interim dividend of HKD 0.015 per share has been distributed within the year. The Board of Directors does not recommend a distribution as of 2024.
CHINA TRAVEL HK (00308) announced its 2024 performance, with net profit attributable to Shareholders of 0.106 billion Hong Kong dollars, a decrease of 56% year-on-year.
CHINA TRAVEL HK (00308) announced its 2024 performance, with total revenue of 4.627 billion Hong Kong dollars, an increase of 3% compared to the previous year...
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