DeTai New Energy Forecasts Annual Net Loss

DeTai New Energy Group (HK:0559) has released an update.

DeTai New Energy Group Limited has issued a profit warning, indicating an expected net loss of HK$65 million to HK$75 million for the fiscal year ending June 30, 2024, which aligns closely with the previous year’s loss of HK$70 million. The anticipated loss is primarily due to a fair value loss of approximately HK$42 million from financial assets. Shareholders and potential investors are cautioned to trade carefully with the company’s shares.

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