Green Energy Group Limited (HK:0979) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Green Energy Group Limited anticipates a higher loss for the fiscal year ending June 30, 2024, projecting a loss of HK$12 million to HK$16 million, up from the previous year’s HK$9 million. The increased loss is mainly due to lower profits from its renewable energy segment, weakened demand for used cooking oil, and rising shipping costs. The company cautions shareholders and potential investors to exercise caution when dealing with its shares.
For further insights into HK:0979 stock, check out TipRanks’ Stock Analysis page.