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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) just unveiled an update.
Shenzhen Investment Holdings Bay Area Development Company Limited reported a 1% increase in net toll revenue to approximately RMB2,668 million for the year ended December 31, 2024, driven by the opening of new expressway sections and policy changes. However, profit attributable to equity shareholders decreased by 13% to RMB461 million due to a reversal in resurfacing obligations and reduced results from the Grand Park City project. The company proposed a final dividend of RMB7.15 cents per share, representing a 100% payout ratio, reflecting its commitment to returning value to shareholders.
More about Shenzhen Investment Holdings Bay Area Development Company
Shenzhen Investment Holdings Bay Area Development Company Limited is engaged in the investment, construction, and operation of expressways in the Greater Bay Area. The company focuses on infrastructure projects, particularly expressways, benefiting from the economic development in the surrounding regions.
YTD Price Performance: 0.45%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $741.6M
Find detailed analytics on 0737 stock on TipRanks’ Stock Analysis page.