China Infrastructure Reports Soaring Half-Year Profits

China Infrastructure & Logistics Group Ltd. (HK:1719) has released an update.

China Infrastructure & Logistics Group Ltd. reported a decrease in revenue and gross profit by 15.9% and 14.4% respectively for the six months ended 30 June 2024, compared to the same period last year. Despite the decline in revenue and gross profit, the company saw a significant surge in profits, with a 129.3% increase in profit for the period, and an even greater 196.7% rise in profit attributable to the company’s owners. No interim dividend has been recommended by the Board for this period.

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