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<Result Ann>ABC 2023 NP RMB269.356B, Up 3.9%, in Line; Final Div. RMB2.309/ 10 Shrs
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ABC (01288.HK) released its annual results ended December 2023.

According to the International Accounting Standard, net profit amounted to RMB269.356 billion, up 3.9% YoY, in line with the net profit forecast range of RMB263.953 billion to RMB272.436 billion made by 7 brokers as summarized by our reporters. EPS was RMB0.72.

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The Board proposed distribution of a final dividend of RMB2.309 per 10 shares, as compared to RMB2.222 for the same period of 2022, i.e. a DPS of RMB23.09 cents, which is higher than the upper limit of a DPS of RMB23 cents projected by 6 brokers as summarized by our reporters.
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