Gelonghui, April 25 | Guangdong Investment (00270.HK) announced that for the three months ended March 31, 2024, the Group's unaudited consolidated revenue was HK$6.389 billion, an increase of 19.8% over the same period last year. The increase in revenue is mainly due to increased revenue from property investment and business development.
Unaudited comprehensive profit before tax (excluding changes in fair value of investment properties) increased by 11.7% to HK$1,936 million during the period, mainly due to the steady growth of water resources business and power generation business, which offset the decline in property investment and development profits and was affected by a 3.1% decline in the RMB exchange rate against the Hong Kong dollar compared to the same period last year.