Yuexiu Transport Infrastructure (HK:1052) has released an update.
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.
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