China Water Affairs Group (HK:0855) has released an update.
China Water Affairs Group reports a decline in annual revenue and profit for the year ended March 31, 2024, with a notable decrease in several sectors including environmental protection and city water supply, despite increases in pipeline direct drinking water supply operations. The earnings per share and final dividend per share have also decreased in comparison to the previous year. The company has drawn on syndicated loan facilities for refinancing and proposes a final dividend payout ratio consistent with the previous year to support its expanding pipeline direct drinking water business.
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