Graphex Group Limited Sponsored ADR (GRFX) has released an update.
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Graphex Group Limited reported a significant downturn in its financial performance for the first half of 2024, with revenue and adjusted segment EBITDA for its graphene products and landscape architecture sectors experiencing declines of 38% and 40.5%, respectively. The company also disclosed a considerable increase in its loss before tax by 22.5% and a loss attributable to owners of the parent by 23.0%. These financial highlights indicate challenges in the company’s operations, despite their use of non-IFRS measures to provide additional insights into their performance.
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