What drove the significant other item fluctuations in 2024?
3/30/2025 05:18pm
The significant item fluctuations in 2024 can be attributed to a combination of factors:
1. **Bahrain: Benefit's Dividend Distribution**: Benefit, a leading company in Bahrain's fintech and electronic financial transactions service, announced the distribution of 10% dividends for FY 2024 after winning approval from its shareholders. This dividend distribution could have led to fluctuations in the company's stock price, potentially increasing it due to positive investor sentiment about the company's profitability and shareholder return.
2. **HDI Global's Insurance Revenue Increase**: HDI Global, the Corporate & Specialty Division of Talanx Group, reported a 10% increase in insurance revenue for 2024 compared to the previous year, reaching €10 billion. This significant revenue growth could indicate improved financial performance and stability, which might positively influence investor confidence and the company's stock price.
3. **Enppi's Regional Expansion**: Enppi implemented major projects in 2024, with 10 of these projects outside of Egypt in Saudi Arabia, the UAE, and Jordan. This regional expansion could have led to increased investor confidence in the company's growth prospects, potentially driving up the stock price.
4. **CITIC Securities' Profit Rise**: China's biggest brokerage, CITIC Securities Co, reported a 10% rise in net profit for 2024, with the net profit amounting to 21.704 billion yuan. This increase in profitability could have positively influenced the company's stock price, as investors may view the company as more financially stable and attractive due to its improved earnings.
Overall, these factors reflect a mix of positive developments for the respective companies, which could have contributed to fluctuations in their stock prices in 2024.