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Photo from Unsplash by Jakub Żerdzicki
Stella’s net profit soars 65.7% in H1 2024
The interim dividend stands at HK65 cents (US$5) per ordinary share.
In the first half of 2024, Stella International Holdings Ltd. posted a net income of $713.5m (US$91.5m), a 65.7% year-on-year (YoY).
Revenue also increased by 7.5% YoY to $6b (US$770m), driven by sports category orders and earlier shipments, according to its unaudited financial report.
Basic earnings per share stood at 89.6 Hong Kong cents (11.5 US cents) during the period.
The company will also return an additional $467.8m (US$60m) cash per year for the next three years to shareholders, through a combination of share repurchases and special dividends, on top of regular dividends.
($1=US$0.13)
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