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Could The Market Be Wrong About Yuexiu Services Group Limited (HKG:6626) Given Its Attractive Financial Prospects?
On March 21, Yuexiu Services (06626.HK) spent 3.995 million Hong Kong dollars to repurchase 1.3355 million shares.
On March 21, Gelonghui reported that Yuexiu Services (06626.HK) announced that it spent 3.995 million Hong Kong dollars to repurchase 1.3355 million shares on March 21.
Yuexiu Services' Profit Slides 28% in 2024
Yuexiu Services Group Ltd. Reports 20% Revenue Growth for 2024
In the fiscal year 2024, Yuexiu Services (06626.HK) reported a 27.5% decrease in net profit to 0.353 billion yuan, with a final dividend of 0.083 Hong Kong dollars.
On March 20, Gronghui announced the annual performance of Yuexiu Services (06626.HK) for the year ending December 31, 2024, with total revenue of 3.868 billion yuan, a year-on-year increase of 20.0%. This includes: (i) revenue from non-commercial property management and value-added services of 3.134 billion yuan, a year-on-year increase of 19.2%; and (ii) revenue from commercial property management and Operation services of 0.734 billion yuan, a year-on-year increase of 23.7%. The gross margin was 23.3%, a year-on-year decrease of 3.3 percentage points. The profit attributable to owners of the company was 0.353 billion yuan.
Express News | Yuexiu Services Group Final Dividend of HKD0.083 per Share