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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...
In the bay area dev (00737.HK), the interim options equity shareholders' share of the surplus increased by 40% to 0.241 billion yuan annually.
On August 23, bay area dev (00737.HK) announced that as of June 30, 2024, the interim performance in the first 6 months, the economic growth of cities along the expressways was high, and the performance of toll road operations remained stable. However, due to the implementation of the measure allowing free passage of 7-seat or fewer private cars during holidays in the first half of 2024 for a total of 17 days, which was 4 days more than the same period last year, the proportion of net toll income for the review period increased slightly by 1% to approximately RMB 1.248 billion. Urban Park in the review period had contract sales amounting to approximately RMB 0.422 billion. The net profit attributable to equity shareholders of the company increased by approximately 40% year-on-year to around RMB.
Bay Area Development (00737) announced its interim results, with net profit attributable to equity shareholders increasing by 40% to approximately 0.241 billion yuan per share dividend of 7.8 cents.
Bay Area Development (00737) announced its mid-term performance for 2024, achieving revenue of RMB 0.448 billion, with a year-on-year increase...
Express News | Corrected-Shenzhen Investment Holdings Bay Area Development H1 Net Income RMB 240.6 Million (Corrects Amount)
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