CANVEST ENV (01381) released its annual performance with a net profit attributable to shareholders of HK$924 million, a decrease of 9.7% year-on-year.
The annual performance of Yuefeng Environmental Protection (01381) as at December 31, 2024 was announced, with the group generating revenue...
CANVEST ENV (01381) released its annual performance ending on December 31, 2024, with a total revenue of HK$4.198 billion, a decrease of 15.4% year on year; profit attributable to equity holders of the company was HK$924 million, a decrease of 9.7% year on year; basic earnings per share were 38 Hong Kong cents.
The announcement stated that the decline in total revenue was mainly due to a 97.8% decrease in construction income to HK$22.5 million compared to the previous year. At present, most of the group's waste-to-energy projects have been put into operation, and the waste-to-energy industry has entered a mature stage, characterized by a decrease in new projects. However, in 2024, revenue from electricity sales, waste treatment fees, and environmental sanitation and other services (the group's core business) totaled HK$3.99 billion, an increase of 6.4% compared to the previous year.
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