PER ENERGY issued a profit warning, expecting a net profit after tax of approximately HKD 6 million to HKD 100,000 for the first half of the year, a year-on-year decrease of approximately 97.6% to 99.9%

PER ENERGY expects that its after-tax net profit in the first half of 2025 will be approximately HKD 6 million to HKD 100,000, a year-on-year decrease of about 97.6% to 99.9%. The main reasons include a significant drop in the market price of premium coal leading to a decrease in coal selling prices, the complex geological conditions at the Hongguo Coal Mine and the Baogushan Coal Mine affecting operational progress and coal mine utilization rates, which increased related costs. In addition, compliance-related costs such as safety management costs, land compensation, and the development of compliant waste landfills continue to rise