Transport International Holdings Reports Increased Underlying Profit for 2024

The latest update is out from Transport International Holdings Limited ( (HK:0062) ).

Transport International Holdings Limited reported an increase in underlying profit attributable to equity shareholders for the year ended 31 December 2024, reaching HK$265.5 million, up from HK$114.3 million the previous year. This improvement was mainly driven by enhanced financial performance in its franchised public bus operations, although partially offset by expected credit losses on certain listed debt securities. The Kowloon Motor Bus Company recorded a significant profit increase due to higher fare revenue and reduced fuel costs, despite rising staff costs. However, the reported profit decreased to HK$187.3 million from HK$401.7 million last year, influenced by a decline in the fair value of investment properties. An ordinary final dividend of HK$0.50 per share was declared, consistent with the previous year.

More about Transport International Holdings Limited

Transport International Holdings Limited operates in the transportation industry, primarily focusing on franchised public bus services through its flagship company, The Kowloon Motor Bus Company (1933) Limited. The company also engages in non-franchised transport services, media sales, and investment property rentals.

YTD Price Performance: -2.08%

Average Trading Volume: 1,250

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €515.7M

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