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Canvest Environmental Protection Reports 2024 Annual Results with Strategic Growth in Green Initiatives

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Canvest Environmental Protection Reports 2024 Annual Results with Strategic Growth in Green Initiatives

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The latest update is out from Canvest Environmental Protection Group Co. Ltd. ( (HK:1381) ).

Canvest Environmental Protection Group Co. Ltd. reported its annual results for the year ended December 31, 2024, showing a decline in revenue by 15.4% from the previous year, despite a 4.3% increase in revenue from power sales and waste treatment. The company achieved significant operational milestones, including the treatment of over 17 million tonnes of waste and the generation of over 6.5 billion kWh of green energy. Notably, Canvest expanded its project portfolio with the Urban Butler Service Concession Project in Anhui Province, marking its first environmental sanitation project in the region. The company also secured a term loan facility with the Asian Development Bank and a dual-tranche syndicated green term loan facility, indicating a strategic focus on financial sustainability and growth in green initiatives.

More about Canvest Environmental Protection Group Co. Ltd.

Canvest Environmental Protection Group Co. Ltd. operates in the environmental protection industry, focusing on waste treatment and green energy production. The company is involved in projects that include waste-to-energy (WTE) initiatives and environmental sanitation services, with a market focus on enhancing waste management and reducing carbon emissions.

YTD Price Performance: 2.68%

Average Trading Volume: 749

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.41B

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