Guotai Junan International sees net profit rise 73pc to $347m

Guotai Junan International (1788) recorded a 73 percent rise in its 2024 net profit to HK$347.8 million and doubled its final dividend to 2 HK cents.

This brings its full-year payout to 3.2 HK cents, just shy of the 3.6 HK cents basic earnings per share.

Revenue for the year also jumped 37 percent to HK$4.4 billion. From this, interest income went up 28 percent to HK$2.3 billion while net trading and investments income soared by 72 percent to HK$1.24 billion. Commission and fee income grew by 26 percent to HK$871 million for 2024.

STAFF REPORTER