Greentech International Issues Profit Alert, Anticipates Interim Earnings Surpassing HK$60 Million

Stock News
Feb 20

Greentech International (00195) has announced that the board expects the group's profit attributable to owners for the first half of 2025 to reach no less than HK$60 million. This represents a significant increase compared to the profit of HK$15.8 million recorded for the six months ended June 30, 2024. The primary reason for this growth is a rise in both the price and sales volume of tin compared to the first half of 2024, leading to a substantial increase in gross profit during the review period. This growth was partially offset by an increase in exchange losses. For the full year ending December 31, 2024, the company's profit attributable to owners is also expected to increase by no less than 100% compared to the HK$68.4 million profit reported for the same period in 2023.

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