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Beijing Enterprises Urban Resources Reports Revenue Growth Amid Profit Decline

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Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) has issued an announcement.

Beijing Enterprises Urban Resources Group Limited reported a 19.2% increase in revenue for the year ended December 31, 2024, reaching approximately RMB6,027.7 million. However, the profit attributable to shareholders saw a significant decline of 91% due to a one-off impairment loss on goodwill, which did not affect cash flow. Despite this, the company’s financial position remains healthy, with strong market demand and the acquisition of 64 urban services projects. A final dividend of HK1.3 cents per share is proposed.

More about Beijing Enterprises Urban Resources Group Ltd.

Beijing Enterprises Urban Resources Group Limited is a company incorporated in the Cayman Islands, focusing on urban services. The company engages in providing comprehensive urban management services, including waste management and environmental sanitation, primarily targeting the urban areas in China.

YTD Price Performance: -17.78%

Average Trading Volume: 461,063

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.32B

Find detailed analytics on 3718 stock on TipRanks’ Stock Analysis page.

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