China Modern Dairy reports losses, proposes final dividend

China Modern Dairy Holdings (HKEX:1117) announced its final results for the year ended December 31, 2024, revealing a net loss of RMB1,469.44 million, compared to a profit of RMB185.43 million in the previous year, caused in part by a fair value revaluation of dairy cows. Despite this, the company proposes a final dividend of RMB0.0122 per share, payable around June 27, 2025, contingent on shareholder approval at the annual general meeting on June 12, 2025. The books will be closed for transfer from June 18, 2025.