Chia Tai Enterprises' profit soars, new share scheme proposed

Chia Tai Enterprises International Limited (HKEX:3839) announced a substantial increase in profit attributable to shareholders, reaching US$11.2 million for the year ended December 31, 2024, a threefold increase compared to US$2.6 million in 2023. Revenue jumped 76.9% to US$307.7 million, driven by its biochemical business, particularly animal health products. Earnings per share rose to 4.4 US cents from 1.0 US cent. The Board is proposing a new share option scheme to reward and retain employees. The existing share option scheme is set to be terminated. The company's financial position shows net assets of US$260.5 million, with total assets of US$422.2 million. The Board has decided to not declare a dividend.