Bohai Ferry announces special cash dividend for 2024

Bohai Ferry Group (SSE: 603167) has announced a special cash dividend of RMB 0.22 per share (pre-tax) for 2024. This decision, authorized by the board of directors and approved by the supervisory board, follows strong Q3 2024 results with net profit attributable to shareholders reaching RMB 257.2 million. As of September 30, 2024, accumulated undistributed profits stood at RMB 2.01 billion. The dividend will be based on the total share capital at the record date, yet to be determined. Based on the current 469.1 million shares outstanding, the total dividend payout is estimated at RMB 103.2 million, representing 40.13% of the year-to-date net profit. The company assures this dividend will not negatively impact operations or long-term growth.