Kangqiao Service Group Reports Mixed 2024 Interim Results

Kangqiao Service Group Limited (HK:2205) has released an update.

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.

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