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Gangyu Smart Urban Services Reports 46.6% Profit Increase for 2024

Story Highlights
  • Gangyu Smart Urban Services saw a 1.0% revenue increase to HK$345.9 million.
  • The company’s profit rose by 46.6% to HK$49.1 million due to cost controls and compensations.
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Gangyu Smart Urban Services Reports 46.6% Profit Increase for 2024

Confident Investing Starts Here:

Orient Victory Travel Group Company Limited ( (HK:0265) ) has shared an announcement.

Gangyu Smart Urban Services Holding Limited, a company incorporated in the Cayman Islands, operates in the property management and environmental hygiene sectors. For the year ended December 31, 2024, the company reported a revenue increase of 1.0% to approximately HK$345.9 million, with a notable shift in revenue composition favoring the property management sector. The company’s profit attributable to equity holders rose by 46.6% to approximately HK$49.1 million, driven by increased gross profit in the environmental hygiene sector, compensations for terminated property acquisitions, and effective cost control measures. Despite the profit increase, the board did not recommend a final dividend for the year.

More about Orient Victory Travel Group Company Limited

YTD Price Performance: -40.67%

Technical Sentiment Signal: Strong Buy

Current Market Cap: €24.95M

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