Greenheart Group (HKG:0094) expects to widen its net loss by at least 25% in 2024, compared with 2023, a Tuesday Hong Kong bourse filing said.
The multi-national forestry company attributed the expected increase to a fair value loss on plantation forest assets located in New Zealand, the corresponding deferred income tax credit, and an impairment loss on timber concessions and relevant rights.
Shares of the company closed over 4% higher on Tuesday.
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