DeTai New Energy Group Projects Significant Turnaround with Expected Profit

DeTai New Energy Group ( (HK:0559) ) just unveiled an announcement.

DeTai New Energy Group Limited announced a positive profit alert, indicating an expected net profit between HK$5 million and HK$10 million for the six months ending December 2024, compared to a net loss of approximately HK$55 million for the same period in 2023. This anticipated profit is primarily due to a HK$7 million net gain from changes in the fair value of financial assets. The announcement is based on preliminary management assessments not yet reviewed by the audit committee, and the final results will be disclosed by the end of February 2025.

More about DeTai New Energy Group

DeTai New Energy Group Limited operates in the energy sector and is incorporated in Bermuda. The company focuses on energy solutions, with its operations and stock listed on the Hong Kong Stock Exchange.

YTD Price Performance: 8.82%

Average Trading Volume: 95,246

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$89.99M

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