China Motor Bus Reports Decreased Operating Profit Amidst Healthy Financial Position

China Motor Bus Co. Ltd. ( (HK:0026) ) has provided an update.

China Motor Bus Company, Limited reported an unaudited consolidated operating profit of HK$35.17 million for the six months ending December 31, 2024, a decrease from HK$47.86 million in the previous year, mainly due to lower interest income and increased exchange losses. Despite a consolidated loss after taxation of HK$34.21 million, improved from the HK$161.24 million loss in the previous year, the company’s financial position remains healthy, supported by a profit on the disposal of an investment property and non-cash net valuation losses on investment properties.

More about China Motor Bus Co. Ltd.

China Motor Bus Company, Limited is a Hong Kong-based company primarily engaged in property investment and development. The company is listed on the Hong Kong Stock Exchange and focuses on managing and developing real estate properties.

YTD Price Performance: 20.41%

Average Trading Volume: 6,072

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$2.67B

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