Qilu Expressway's 2024 Profit Slides Nearly 7%; Shares Down 3%

MT Newswires Live

2025/03/11

Qilu Expressway (HKG:1576) recorded a 6.7% decline in profit for the year 2024 to 498.4 million yuan from 533.9 million yuan in the year-ago period, a Monday filing with the Hong Kong bourse said.

The expressway and highway construction company's revenue rose by 25% in the year to 7.02 billion yuan from 5.61 billion yuan a year prior.

Shares of the company declined nearly 3% in afternoon trade Tuesday.

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