Uni-President Enterprises Corp. reported its highest profit in four years as Taiwan’s largest food conglomerate capitalized on growth across its diverse business portfolio spanning convenience stores, supermarkets and food manufacturing.
Net income rose 12.7% to NT$20.67 billion ($653 million) in 2024, the company said yesterday, making it the third-highest profit in its history. Revenue increased 13.2% to NT$657.63 billion.
The Tainan-based company plans to distribute a cash dividend of NT$3 per share, representing an 82.4% payout ratio and a yield of 3.6% based on Wednesday’s closing price.
Uni-President’s convenience store subsidiary 7-Eleven posted near-record earnings with net profit climbing 8.7% to NT$11.53 billion. The retail unit benefited from strong performance across its Taiwan and Philippines operations, along with contributions from Carrefour, which was consolidated into financial statements from July.
Meanwhile, the company’s China operations achieved record results with revenue rising 6.1% to 30.33 billion yuan ($4.35 billion) and profit increasing 10.9% to 1.85 billion yuan.
The conglomerate cited steady contributions from its core food business, retail operations including Carrefour, and industrial units as it advances toward its vision of building an “Asian life distribution platform.”
