Baguio Green Group Ltd (HK:1397) has released an update.
Baguio Green Group Ltd reported a robust financial performance for the first half of 2024, with a 16.6% increase in revenue and an 18.5% rise in profit compared to the previous year. Despite economic challenges and the postponement of Waste Charging by the government, the company’s core environmental services businesses have shown growth, benefiting from the government’s ongoing commitment to enhancing recycling facilities and reducing landfill waste. The positive trend in Baguio’s sectors is expected to continue as Hong Kong advances towards its ‘Zero Landfill’ goal, supporting the Group’s future prospects in recycling and green technology.
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