Kangqiao Service Group Limited (HK:2205) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Kangqiao Service Group Limited reported a 9.5% increase in revenue reaching RMB487.3 million for the first half of 2024, with property management services being the largest growth contributor at 18.5%. However, the company saw a decrease in gross profit by 5.7% and a 10.4% drop in profit compared to the same period in 2023. Despite the increase in managed Gross Floor Area (GFA), the Board has decided not to declare any interim dividend for the period.
For further insights into HK:2205 stock, check out TipRanks’ Stock Analysis page.