Bottled water giant CR Beverage announces 23pc jump in profits

Shares of China Resources Beverage (2460) edged up 0.28 percent after announcing its 2024 net profit rose more than 23 percent to 1.64 billion yuan (HK$1.76 billion) from a year prior, driven by increased beverages sales.

It declared a final dividend of 30.7 fen and special dividend of 17.6 fen, amounting to 48.3 fen.

Revenues edged up 0.05 percent year-on-year to 13.52 billion yuan. 

Specifically, packaged drinking water turnover dropped 3 percent to 12.12 billion yuan, accounting 89.7 percent of the total revenue, while sales of beverages climbed nearly 31 percent to nearly 1.4 billion yuan.

STAFF REPORTER