Baguio Green Group Ltd Reports 11.8% Revenue Growth for 2024

Baguio Green Group Ltd ( (HK:1397) ) has shared an update.

Baguio Green Group Ltd reported an 11.8% increase in revenue for the year ending December 31, 2024, reaching approximately HK$2,603.1 million. Despite a decrease in gross profit, the company’s profit attributable to equity shareholders rose by 14.3% to HK$53.9 million. The growth in revenue was primarily driven by a 14.2% increase in cleaning services, which accounted for 80.1% of the total revenue. The company’s performance reflects its strategic alignment with Hong Kong’s environmental policies, although the delay in the Municipal Solid Waste charging scheme posed challenges. The board recommended a final dividend of HK3.8 cents per share, indicating confidence in the company’s financial health.

More about Baguio Green Group Ltd

Baguio Green Group Ltd is an integrated environmental services company based in Hong Kong. The company focuses on cleaning, waste management and recycling, green technology, landscaping, and pest management, aligning closely with Hong Kong’s environmental agenda and contributing to the city’s sustainable development and smart city initiatives.

YTD Price Performance: 1.56%

Average Trading Volume: 168,145

Technical Sentiment Signal: Sell

Current Market Cap: HK$269.7M

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