tiprankstipranks
Trending News
More News >

Binjiang Service Group Announces Strong H1 2024 Results

Binjiang Service Group Announces Strong H1 2024 Results

Binjiang Service Group Co. Ltd. (HK:3316) has released an update.

Confident Investing Starts Here:

Binjiang Service Group Co. Ltd. reported a significant revenue increase of 38.7% for the first half of 2024, with a notable surge in 5S value-added services by 158.5%. Despite the revenue growth, net profit margin declined slightly from 20.0% to 16.5%. The company has declared a robust interim dividend of HK$0.630 per share, indicating a payout ratio of 60% of the net profit attributable to equity shareholders.

For further insights into HK:3316 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1