SIIC Environment Holdings profit inches up in FY2024

The company said revenue was up 0.3% year-on-year to $1.4b (RMB7.6b).

SIIC Environment Holdings Ltd. reported a 0.2% increase in its net profit attributable to shareholders for the financial year 2024 to $111.5m (RMB605.1m) mainly due to higher revenue.

In a bourse filing, the company said revenue was up 0.3% year-on-year (YoY) to $1.4b (RMB7.6b).

However, the group’s construction revenue decreased by 7.7% YoY to $337.1m (RMB1.8b) mainly from a decline in construction scale.

Given the increase in profit, earnings per share rose 0.2% to $0.04 (RMB0.23).

($1=RMB5.4)

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