TRANSPORT INT'L's half-year net profit of 190 million yuan increased by 57.9%, declaring an interim dividend of 30 cents

TRANSPORT INT'L (00062.HK) announced its interim results for the six months ended June 30 this year, with a revenue of HKD 4.226 billion, an increase of 4% year-on-year. The net profit was HKD 190 million, up 57.9% year-on-year; earnings per share were HKD 0.37. An interim dividend of HKD 0.30 was declared, compared to no dividend in the same period last year.

Excluding the impact of fair value changes in properties and investment properties under development, the underlying profit was HKD 285 million, an increase of approximately 1.37 times year-on-year. The underlying earnings per share were HKD 0.56. The increase in underlying profit was mainly due to improved performance in the public bus business.

For the six months ended June 30, 2025, the group's flagship company, KMB, recorded a post-tax profit of HKD 177 million, an increase of approximately 7 times year-on-year. The improvement was mainly due to increased fare revenue and a decrease in fuel costs resulting from lower fuel prices, although rising wages led to increased employee costs, offsetting some of the positive impacts mentioned above