GREEN ENERGY GP issues a profit warning, expecting the annual loss attributable to shareholders to increase to approximately HKD 15 million to 18 million
GREEN ENERGY GP expects the annual loss attributable to company owners for the year ending June 30, 2025, to increase to approximately HKD 15 million to 18 million, compared to HKD 14.3 million for the same period in 2024. The board pointed out that the increase in loss is mainly due to the decline in revenue and gross margin from the renewable energy business, as well as the impairment loss provision for properties, plants, and equipment related to plastic recycling
According to the Zhitong Finance APP, GREEN ENERGY GP (00979) announced that it expects the group to incur a loss attributable to shareholders of approximately HKD 15 million to HKD 18 million for the year ending June 30, 2025, compared to approximately HKD 14.3 million for the year ending June 30, 2024. The board believes that the increase in losses is mainly due to (1) a decrease in revenue and gross profit margin in the renewable energy business segment and (2) the provision for impairment losses on properties, plants, and equipment related to plastic recycling
