4 stories mentioning HKG:0241Updated 40d ago
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Alibaba Health Information Technology (HKG:0241) has an average rating of overweight and mean price target of HK$5.39, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Alibaba Health Information Technology (HKG:0241) proposed a 10 billion yuan reduction in its share premium account to facilitate dividend distributions, according to a Thursday Hong Kong bourse filing.Shares of the digital health service provider fell 7% in late morning trade on Friday.The company said the proposed reduction would transfer the amount from its share premium account to contributed surplus, enabling payment of a final dividend and a special dividend for the year ended March 31.Alibaba Health proposed a final dividend of 0.0595 yuan per share and a special dividend of 0.1352 yuan per share.The company said the proposal was necessary because it had insufficient contributed surplus available for distribution.Alibaba Health's share premium account stood at about 51.7 billion yuan as of March 31, the filing showed.
Alibaba Health Information Technology (HKG:0241) recorded a rise in attributable profit to 1.94 billion yuan in the year ended March 31, up from 1.43 billion yuan a year prior.Earnings per share rose to 0.1195 yuan from 0.0888 yuan in the previous fiscal year, according to a Thursday Hong Kong bourse filing.Revenue jumped to 34.26 billion yuan from 30.6 billion yuan in the year-ago period, thanks mainly to the development of the pharmaceutical direct sales business, as well as healthcare and digital services.The board recommended a final dividend of 0.0595 yuan per share and a special dividend of 0.1352 yuan for the year, payable Sept. 2 to shareholders of record on Aug. 13, subject to shareholders approval.
Alibaba Health Information Technology (HKG:0241) named Sheng Mengyue as its chief financial officer effective from the close of business on Friday.Outgoing CFO Tu Yanwu is stepping down on the same date to devote more time to personal commitments and development, according to a Thursday Hong Kong bourse filing.
