Huayu Expressway Group Reports Sharp Downturn

Huayu Expressway Group Limited (HK:1823) has released an update.

Huayu Expressway Group Limited reported a significant downturn in their financial performance for the first half of 2024, with revenue, gross profit, and earnings per share from continuing operations declining by 53.5%, 66.4%, and 19.7% respectively compared to the same period last year. The company also highlighted that no interim dividends will be issued, mirroring the dividend decision from the previous year. These unaudited interim results reflect a challenging period for the company, which also saw a cessation of profit from its discontinued Sui-Yue Expressway operation.

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