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MEITUAN-W (03690.HK) 2023 Swings into Profit of RMB13.86B, Adj. NP RMB23.25BMEITUAN-W (03690.HK) announced that it has turned from a loss into a profit for the year ended December 2023.
Profit for equity holders was RMB13.856 billion, compared to a loss of RMB6.686 billion in the same period last year.
Basic earnings per share were RMB2.23. No dividend will be paid.
Non-IFRS adjusted profit reached RMB23.253 billion, rocketing 722.5% YoY. Adjusted EBITDA surged 145.5% to RMB23.878 billion.
Revenue for the year was RMB276.745 billion, up 25.8% YoY.
Revenue from the core local commercial segment grew by 28.7% to RMB206.907 billion.
New initiatives segment revenue was RMB69.838 billion, an increase of 18%.
The number of MEITUAN's on-demand delivery transactions reached 21.893 billion orders last year, lifting 23.9% YoY, while the order volume of Meituan Insta shopping hiked over 40% YoY.
The gross transaction value of its in-store, hotel and travel business, spiked by more than 100%, with annual transacting users and annual active merchants growing by more than 30% and 60% respectively.
Source: AAStocks Financial News
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