tiprankstipranks

NWS Holdings Reports Growth in Interim Results and Strategic Portfolio Refinement

Story Highlights
NWS Holdings Reports Growth in Interim Results and Strategic Portfolio Refinement

NWS Holdings ( (HK:0659) ) has shared an announcement.

NWS Holdings reported a 4% year-on-year increase in Attributable Operating Profit (AOP) to HK$2,225.3 million for the six months ending December 2024, driven by strong performances in its insurance and logistics segments. The company also announced a 15% rise in profit attributable to shareholders, reaching HK$1,157.6 million, and declared a special dividend following strategic divestments and insurance settlements. These moves are part of a broader strategy to refine its business portfolio and focus on high-growth areas, including the acquisition of Hsin Chong Aster Building Services Limited to enhance its construction capabilities.

More about NWS Holdings

NWS Holdings operates across several industries, including roads, insurance, logistics, construction, and facilities management. The company focuses on providing comprehensive solutions in these sectors, with a significant presence in Hong Kong and Mainland China.

YTD Price Performance: -1.11%

Average Trading Volume: 160

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $3.94B

See more data about 0659 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App