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<Results>BABA-SW (09988.HK) FY24 NP Lifts 10% to RMB79.74B; Non-GAAP NP Rises 11%
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BABA-SW (09988.HK) (BABA.US) announced its results for 4FQ24 ended March this year and for the full-year FY24. For FY24, net profit attributable to ordinary shareholders reached RMB79.741 billion, a YoY increase of 10%, with diluted earnings of RMB3.91 per share, and diluted earnings of RMB31.24 per American Depositary Share (ADS). The group's full-year non-GAAP net profit inclined 11.4% YoY to RMB157.479 billion, with diluted earnings per share of RMB7.78 and diluted earnings per ADS of RMB62.23. BABA's Board of Directors has declared a dividend for the FY24 of USD20.75 cents per ordinary share or USD1.66 per ADS, both payable in USD, totalling about USD4 billion. This comprises a regular cash dividend of USD12.5 cents per ordinary share or USD1 per ADS, and a special extraordinary cash dividend of USD8.25 cents per ordinary share and USD66 cents per ADS as a distribution of proceeds from the disposition of certain financial investments. During the period, the group's operating revenue lifted 8.3% YoY to RMB941.168 billion. Of which, revenue from China commerce retail grew 5% to RMB414.414 billion, with customer management revenue elevating by 4%, driven by a healthy YoY growth in online GMV (excluding unpaid orders). Adjusted EBITA was RMB165.028 billion, rising 11.6% YoY, driving income from operations to grow by approx. 13% to RMB113.35 billion. In FY24, BABA repurchased a total of 1.249 billion ordinary shares, equivalent to 156 million ADSs, for a total of US$12.5 billion. AAStocks Financial News |
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