Solid traffic growth and tax rebates boosted Jiangsu Expressway's first-half net profit 40.96 per cent to 393.51 million yuan (about HK$368.79 million).
The H share's revenue rose 14.46 per cent year on year to 826.95 million yuan, powered by the vibrant economy in the Yangtze delta region.
Tolls from the company's major asset, Shanghai-Nanjing Expressway, grew 16.36 per cent to 532.23 million yuan.
The Guangjing Expressway's average daily toll revenue rose 54.74 per cent, while Xicheng Expressway's was up 41.35 per cent. Both are recently opened facilities and their combined revenue was 39.91 million yuan.
The Jiangyin-Yangtze Bridge reported a 45.6 per cent growth in revenue to 114.26 million yuan.
The company received a tax refund equal to 77.35 million yuan. During the equivalent period last year rebates of some 75 million yuan were deferred to the second half.
