Shenzhen Expressway Co (HK:0548) has released an update.
Shenzhen Expressway Co. has reported a year-over-year decline in both revenue and net profit for the first half of 2024, with decreases of 8.92% and 16.72% respectively, primarily due to reduced toll and construction service revenue, as well as increased asset impairment losses. The company has also decided against issuing an interim dividend for 2024. These financial results reflect the challenges faced by the company in a changing economic environment.
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