GREEN ENERGY GP (00979) Issues Profit Warning, Expects Annual Loss Attributable to Owners to Rise to Approximately HK$15-18 Million
Stock News
Sep 18
GREEN ENERGY GP (00979) announced that the group expects to record a loss attributable to owners of approximately HK$15 million to HK$18 million for the year ending June 30, 2025, compared to approximately HK$14.3 million for the year ended June 30, 2024.
The board of directors believes the increased loss is primarily attributable to (1) decreased revenue and gross profit margin in the renewable energy business segment, and (2) impairment provision for property, plant and equipment related to plastic recycling operations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.