Shanghai Industrial Holdings Reports Downturn

Shanghai Industrial Holdings (HK:0363) has released an update.

Shanghai Industrial Holdings Limited reported a decrease in revenue by 18.9% and profit by 12.7% in the first half of 2024 compared to the previous year, mainly due to a one-off gain in the prior period. Despite challenging global economic conditions, the company has focused on business optimization and innovation, maintaining stable core operations and declaring an interim dividend of HK42 cents per share. Infrastructure and environmental protection remain significant contributors to the company’s profits, with steady cash flow from toll roads and bridges amid efforts to improve operational efficiency.

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