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Shenzhen Investment Records Mixed Toll Revenue Results in August
Bay Area Dev (00737.HK): Shenzhen Expressway Corporation August total toll revenue was 0.257 billion yuan, a 4% year-on-year decrease.
Bay Area Development (00737.HK) announced on August 24th that in August 2024, the monthly total road toll revenue for the Shenzhen Expressway Corporation was 0.257 billion yuan, a 4% year-on-year decrease; the monthly total road toll revenue for the Guangzhou-Zhuhai West Line Expressway was 0.12 billion yuan, a 9% year-on-year decrease; the monthly total road toll revenue for the Yangtze River Expressway (Shenzhen section) was 70.456 million yuan, a 23% year-on-year increase. The year-on-year changes in toll revenue in August 2024 were mainly affected by adverse weather conditions and the comprehensive impact of the Shenzhen-Zhongshan Passage and the second phase of the Yangtze River Expressway (Shenzhen section) opening to traffic at the end of June 2024.
2024 INTERIM REPORT
We Think Shenzhen Investment Holdings Bay Area Development (HKG:737) Is Taking Some Risk With Its Debt
Bay Area Dev (00737) rose 4.07% after the performance, with a 40.1% increase in net profit for the first half.
Gold Bull Financial News | Bay area dev (00737) saw its stock price rise after the results were announced, with a 4.07% increase to HK$1.79 at the time of publication. The trading volume was HK$0.519 million. According to the company's performance, the unaudited interim net profit for the period ending June 30 was CNY 0.241 billion, a 40.1% increase compared to the same period last year. Earnings per share were 7.81 cents, and the interim dividend per share was 7.8 cents (equivalent to 8.522358 Hong Kong cents). The announcement stated that the increase in net profit was mainly due to the adjustment of the amortization amount of the Guangzhou-Shenzhen Expressway disclosed in the 2023 annual report. During the period under review, the group accounted for its depreciation and amortization expenses.
Bay Area Dev (00737): In July, the toll revenue of Shenzhen Expressway Corporation was 0.267 billion yuan, a decrease of 1% year-on-year.
Bay area dev (00737) announced that in July 2024, Shenzhen Expressway Corporation, Guangzhou-Zhuhai West Expressway and...
Shenzhen Investment Holdings Bay Area Development Company Limited's (HKG:737) Shares Climb 27% But Its Business Is Yet to Catch UpNo Data
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