Road King Infrastructure (HK:1098) has released an update.
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Road King Infrastructure Limited reported a decrease in property sales from RMB 15,687 million in the first half of 2023 to RMB 7,304 million in the same period of 2024, while property delivery increased to RMB 22,135 million. The company experienced a decline in toll revenue from expressway projects and a loss attributable to owners of HK$1,027 million. Despite these challenges, the total assets remained substantial at HK$64,806 million with a net gearing ratio improvement from 63% to 54%.
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