Guangdong Yueyun profit rises despite slight revenue dip

Guangdong Yueyun Transportation Company Limited (HKEX:3399) announced its results for the year ended December 31, 2024, revealing a mixed financial performance. Operating income for the Group amounted to RMB7,200.338 million, a slight decrease from RMB7,227.231 million in 2023. However, net profit attributable to shareholders of the parent company rose significantly to approximately RMB236.508 million, a 17% increase compared to the RMB201.888 million reported in the previous year. Basic and diluted earnings per share both increased to RMB0.30, up from RMB0.25 in 2023. The company noted its dedication to industry innovation and restructuring of its service area operations as key drivers for the increase in profit, but also acknowledged the orderly withdrawal from passenger transport businesses as a major factor in the year's results.