ELL ENV announced a profit alert, expecting after-tax profit for the first half of the year to be no less than HKD 11 million, turning a profit compared to the same period last year
ELL ENV expects to achieve a post-tax profit of no less than HKD 11 million in the first half of 2025, turning a profit compared to a loss of approximately HKD 10.1 million in the same period of 2024. The board of directors pointed out that the profit is mainly attributed to the increase in revenue from subsidiary companies, including the expansion of wastewater treatment facilities at Rugao Hengfa Wastewater Treatment Co., Ltd. and the information technology services provided by PT Rimba Palma Sejahtera Lestari, particularly the biomass power generation business of PT Sentosa Jaya Purnama
According to the Zhitong Finance APP, ELL ENV (01395) announced that the group expects to achieve a post-tax profit of no less than HKD 11 million in the first half of 2025, while it recorded a post-tax loss of approximately HKD 10.1 million for the six months ending June 30, 2024.
The board believes that the post-tax profit in the first half of 2025 is mainly attributable to the increase in business revenue from the company's subsidiaries compared to the same period in 2024, which includes revenue from the expansion project of the sewage treatment facilities of Rugao Hengfa Sewage Treatment Co., Ltd. (which commenced construction in November 2024); and the information technology services provided by PT Rimba Palma Sejahtera Lestari, particularly the biomass power supply business of PT Sentosa Jaya Purnama, which began full production at the end of July 2024
