CITIC Resources Holdings Ltd 2023 AR2
The report outlines CITIC Resources Holdings Limited's financial and operational performance for the fiscal year 2023. Despite declining commodity prices, the company achieved a consolidated revenue of HK$3,825.6 million and a net profit of HK$551.8 million, declaring its highest-ever dividend of HK$6 cents per share. Operationally, the company progressed its 'investment + trade' dual-driver business model, stabilized production in its oil and gas assets, and extended the Portland Aluminium Smelter's electricity hedging agreement to 2035. The company also resolved a major tax dispute in Kazakhstan, substantially reducing the audited tax claims from US$83.19 million to US$3.34 million.
Company: CITIC Resources Holdings Ltd
Sector: Mining & quarrying
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 164
Back to company
CITIC Resources Holdings Ltd
Annual Report
The report outlines CITIC Resources Holdings Limited's financial and operational performance for the fiscal year 2023. Despite declining commodity prices, the company achieved a consolidated revenue of HK$3,825.6 million and a net profit of HK$551.8 million, declaring its highest-ever dividend of HK$6 cents per share. Operationally, the company progressed its 'investment + trade' dual-driver business model, stabilized production in its oil and gas assets, and extended the Portland Aluminium Smelter's electricity hedging agreement to 2035. The company also resolved a major tax dispute in Kazakhstan, substantially reducing the audited tax claims from US$83.19 million to US$3.34 million.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees