Baguio Green (01397.HK) Core cleaning services recorded a considerable growth in 1H2022, contracts on hand recorded historical high

25 Nov 2022

Originated in 1980, Baguio Green Group (“Baguio”) has developed into a group of providing
integrated environmental services, ranging from Professional Cleaning, Recycling, Waste
Management and Collection, Horticulture and Landscaping, and Integrated Pest
Management. The company’s main business is mainly divided into four segments, including:
(1) Cleaning services business; (2) Waste management and recycling business; (3)
Landscaping services business; and (4) Pest management business, customers cover all walks
of life and different Types of institutions, such as HKSAR Government, public utilities, and
private corporations.
Core cleaning services recorded a considerable growth in 1H2022
For the six months ended 30 June 2022 (1H2022), revenue amounted to HK$714.1mn,
representing an increase of 21.6% YoY. The increase was mainly due to the increase in
revenue in cleaning segment with increase in number of contracts and orders during the
Period. Net profit attributable to equity shareholders for the period amounted to
HK$17.8mn (1H2021: HK$12.2mn), representing an increase of 45.3% YoY. Basic EPS was
HK$4.29 cents (1H2021: HK$2.95 cents), with no interim dividend

About the author

Eric Li

李浩然先生(Eric Li) 高級分析師 現任現為輝立証券持牌高級分析師,曾任職股票基金、家族辦公室及證券公司等,擁有多年的證券研究部門從業及投資經驗,並先後於香港最暢銷的財經媒體撰寫投資專欄。畢業於香港理工大學電子計算系。 Eric is currently a licensed research analyst at Phillip Securities. Prior to joining Phillip Securities, he has years of equity research and investment experiences in asset management company, family office and securities company. Meanwhile, he has written investment columns in Hong Kong`s best-selling financial media for years. He holds Bachelor of Arts in Computing from The Hong Kong Polytechnic University.

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