China Carbon Neutral Shrinks Loss in 18 Months to June

MT Newswires Live

Oct 02, 2024

China Carbon Neutral Development Group (HKG:1372) saw a decline in attributable loss for the eighteen months ended June 30 to HK$132.8 million from HK$197.5 million for the year ended Dec. 31, 2022, a Wednesday bourse filing stated.

The company has provided figures for the eighteen months that ended June 30 as it changed its financial year-end date to June 30 from Dec. 31 previously.

Loss per share stood at HK$0.289 in the period, down from HK$0.63 in the 12 months to December 2022.

The carbon asset manager saw a revenue of HK$959.1 million for the six quarters, up 35% from HK$709.4 million in fiscal year 2022.

The rise in revenue was mainly due to higher revenue from the firm's new carbon-neutral digital technology business.

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