NWS net plunges by 59.6pc to HK$611.8m

Business | 26 Feb 2021 6:53 pm

NWS Holdings (0659) said interim net profit plunged by 59.6 percent to HK$611.8 million for the six months ended December 31, 2020.

It declared an interim dividend of HK$0.29 per share, same as the previous year.

This compared to earnings per share of HK$0.16.

Revenue climbed by 26 percent to HK$14.23 billion year-on-year.

Half-year attributable operating profit grew by 46 percent to nearly HK$3.34 billion year-on-year, among which its core business generated a profit of HK$2.32 billion, up by 13 percent.

The increase in core business operating profit was mainly due to the rebound in the road business in China.

Both traffic flow and toll fee income have recovered after the toll fee exemptions ended in May 2020.

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