Central & Western District R&SA

Baguio Green's Adjusted Net Profit* in 1H2023 increased by 3.5 times

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星期二, 八月 29, 2023
GREEN, New Territories, Recycling, Housing, Canadarm, University, Urban Council Centenary Garden, Metal, Waste management, Food, Urban Council, Francisco Menéndez (black soldier), Airport, Municipal solid waste, The Hong Kong University of Science and Technology, Environmental Protection Department, Food and Environmental Hygiene Department, Government, ESG, Internet, School, Hospital, Collection, Central & Western District R&SA, Manure, Biophysical environment, Vending machine, MSW, Growth, AI, Social, Hand, EPD, Hong Kong Science Park, Airline, Music

Profit for the Period was approximately HK$21.7 million, representing an increase of approximately 27.0% as compared with the same period last year.

Key Points: 
  • Profit for the Period was approximately HK$21.7 million, representing an increase of approximately 27.0% as compared with the same period last year.
  • Adjusted net profit* was HK$21.3 million, representing an increase of approximately 352.0%, as compared with the same period last year.
  • In the first half of 2023, new contracts awarded to the Group amounted to a total of HK$2.04 billion.
  • Revenue from cleaning services increased by 72.8% to approximately HK$861.5 million, accounting for 77.8% of the Group's total revenue during the Period.

Baguio Green's 2022 Net Profit* Increased by 3.2 times, Contracts On Hand Recorded a Historical High with a Surge of 67% to HK$3.6 billion

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星期四, 三月 30, 2023
HK, GREEN, New Territories, Recycling, Canadarm, Metal, Food, Waste management, The Group, HKSAR, Francisco Menéndez (black soldier), Food and Environmental Hygiene Department, Youth Development Commission, HKSAR Government, Wong Tai Sin, The Hong Kong University of Science and Technology, Producer, Environmental Protection Department, Government, Bioconversion, Municipal solid waste, National Biodiesel Board, Collection, Central & Western District R&SA, Manure, Biophysical environment, Vending machine, Growth, ESG, MSW, Social, Hand, EPD, FEHD, Legislation, Airline

In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.

Key Points: 
  • In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.
  • As a result, the Group recorded a historical high for its contracts on hand of approximately HK$3.59 billion (as of 31 December 2022), representing a surge of approximately 67.3%.
  • During the Year, the Group secured a number of service contracts worth approximately HK$1.99 billion in total for street cleansing services.
  • Mr. Ng Wing Hong, Chairman of Baguio, commented, "2022 marks a year with outstanding result performance with net profit* substantially increased by 3.2 times and contracts on hand recorded a historical high since Baguio established 43 years ago.

Baguio's Net Profit Increased by 45%, Contracts On Hand Recorded a Historical High with a Substantial Increase of around 60% to HK$3.4 billion

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星期二, 八月 30, 2022
Partnership, PET, EcoPark, Waste management, Technology, Recycling, Francisco Menéndez (black soldier), Environmental Protection Department, EPD, NIR, Municipal solid waste, Infrared, FEHD, Horticulture, Pest control, Collection, Central, Metal, Producer, Food, Plastic, Manure, Central & Western District R&SA, HKSAR, Food and Environmental Hygiene Department, Company, Biotechnology, MSW, ESG, Growth, Contract, Airline, Group

During the Period, revenue was approximately HK$710 million, representing an increase of approximately 22% as compared with the same period last year.

Key Points: 
  • During the Period, revenue was approximately HK$710 million, representing an increase of approximately 22% as compared with the same period last year.
  • Profit attributable to shareholders of the Company was approximately HK$17.8 million, representing an increase of approximately 45% as compared with the same period last year.
  • In the first half of 2022, new contracts awarded to the Group amounted to a total of HK$1.95 billion.
  • As a result, the Group recorded a historical high for its contracts on hand of approximately HK$3.4 billion (as of 30 June 2022), representing an increase of 60% from approximately HK$2.1 billion as of 31 December 2021.