Baguio Green's 2023 Adjusted Net Profit increased by 36.7% [Yahoo! Finance]
JARDINE MATHESON UNSP/ADR (JMHLY)
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Source: Yahoo! Finance
HONG KONG March 28, 2024 /PRNewswire/ -- Baguio Green Group Limited ('' Baguio '' or the '' Group '', Stock Code: 01397.HK) is pleased to announce its annual results for the year ended 31 December 2023 (the "Year"). During the Year, the Group's revenue was approximately HK$2.33 billion , representing an increase of approximately 29.8% as compared with the preceding year. Excluding non-operating subsidies* from the HKSAR Government (the "Government"), the Group has recorded an adjusted net profit for the Year of approximately HK$46.3 million , representing an increase of approximately 36.7% as compared to the corresponding figure in 2022. The Board recommends the payment of a final dividend for the Year at HK$3.4 cents per share. Business Overview and Prospects This significant increase in adjusted net profit primarily stems from: (i) the growth impetus provided by the Hong Kong Waste Charging Scheme for our recycling and green technology businesses; (ii) securing new cleaning c
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