Kingboard Laminates (1888) H2 2024 earnings summary

Executive summary

• Revenue grew 11% year-over-year to HK$18,541.0 million, driven by a recovery in electronics demand and strong performance in the laminates division.

• Underlying net profit attributable to owners rose 36% to HK$1,349.0 million, with reported net profit up 46% to HK$1,326.1 million.

• The board proposed a final dividend of HK20.0 cents and a special final dividend of HK30.0 cents per share, reflecting robust financial health.

Financial highlights

• EBITDA increased 21% year-over-year to HK$2,962.7 million.

• Earnings per share based on underlying net profit rose 36% to HK43.2 cents; reported EPS up 46% to HK42.5 cents.

• Full-year dividend per share surged 288% to HK62.0 cents.

• Net asset value per share increased 3% to HK$4.92.

• Net gearing improved to 9% from 16% a year earlier.

Outlook and guidance

• Strong demand in the electronics market expected to continue in 2025, with significant shipment growth in early 2025.

• Expansion of laminate production capacity in Thailand and new copper foil and fibreglass yarn projects to enhance competitiveness.

• Ongoing investments in green energy and energy-saving initiatives to support ESG goals and cost savings.