Green Economy Development Limited (HK:1315) has released an update.
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Green Economy Development Limited, listed as 1315 on the Hong Kong Stock Exchange, anticipates a significant turnaround with an expected net profit of HK$19.1 million for the year ended March 31, 2024, a striking improvement from the HK$85.3 million net loss in the previous year. This positive profit alert is attributed to a substantial increase in gross profit and a reduction in expenses, though investors are cautioned that these figures are based on unaudited accounts and are subject to final adjustments. The company advises shareholders and potential investors to await the official annual results for a comprehensive overview.
For further insights into HK:1315 stock, check out TipRanks’ Stock Analysis page.