Shenzhen Investment Holdings Bay Area Development Company (HK:0737) has released an update.
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Shenzhen Investment Holdings Bay Area Development Company reported a 40% year-over-year increase in profits attributable to equity shareholders, reaching approximately RMB241 million for the first half of 2024. This was achieved despite a slight 1% increase in net toll revenue due to an extended holiday toll-free policy. The company also declared a 100% payout ratio interim dividend of RMB7.80 cents per share, underscoring their solid financial performance.
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