CITIC Limited reports $4.4b profit in H1

An EPS of RMB1.10 has been announced.

Hong Kong-listed CITIC Limited saw its profit fall to $4.4b (RMB32.09b) in the first half of 2023, from the $5.72b (RMB41.66b) it recorded for the same period in 2022.

Discounting a one-off revaluation gain of CITIC Securities’ consolidated earnings in 2022, profit attributable to ordinary shareholders rose by 2.3%, the company said in its latest financial statement.

Earnings per share (EPS) for the period is approximately $0.15 (RMB1.10), lower than the EPS of $0.20 (RMB1.43) a year ago. 

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Dividend per share is RMB0.18 for H1 2023.

The company recorded total revenue of $45.92b (RMB334b), a year-on-year increase of 2.8%.  

The board recommends a dividend distribution of RMB0.18 per share, with a total dividend amount of over RMB5.23b.

(US$1 = RMB7.29)