Road King Reports Substantial Half-Yearly Decline

Road King Infrastructure (HK:1098) has released an update.

Road King Infrastructure Limited reported a significant downturn in its half-yearly operating statistics, with total property sales plummeting by 53% to RMB7,304 million and toll revenue from expressway projects dropping by 27% to RMB1,436 million compared to the same period last year. The decrease is largely attributed to the sale of four expressways in China earlier in April 2024. Furthermore, the average daily traffic volume on Indonesian expressways also saw a slight decrease of 2%.

For further insights into HK:1098 stock, check out TipRanks’ Stock Analysis page.