China Energy Development Issues Profit Warning for FY2024

China Energy Development Holdings Limited ( (HK:0228) ) has shared an update.

China Energy Development Holdings Limited has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant decrease in earnings before interest, taxation, depreciation, and amortization (EBITDA) and profit attributable to owners compared to the previous year. This decline is attributed to several factors including impairments on property, plant, and equipment, intangible assets, and properties held in Hong Kong, as well as fair value losses on financial assets and increased deferred tax charges. The company advises shareholders and potential investors to exercise caution as the final results are yet to be audited and may be subject to adjustments.

More about China Energy Development Holdings Limited

China Energy Development Holdings Limited is a company incorporated in the Cayman Islands with limited liability, operating in the energy sector. The company, along with its subsidiaries, is involved in energy development and related services, with its shares listed on the Hong Kong Stock Exchange.

YTD Price Performance: -23.33%

Average Trading Volume: 5,619,254

Technical Sentiment Signal: Buy

Current Market Cap: HK$559.6M

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