Yuexiu Transport Infrastructure (HK:1052) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Yuexiu Transport Infrastructure Limited reported a decrease in profit for the first half of 2024 compared to the same period in 2023, with earnings per share dropping from RMB 0.2553 to RMB 0.1876. Despite an increase in construction income, the company saw a decline in revenue and an overall profit reduction. The interim financial results indicate a mixed performance, with some gains in joint ventures and associates, yet grappling with higher operational costs and taxes.
For further insights into HK:1052 stock, check out TipRanks’ Stock Analysis page.
