Greenheart Group Anticipates Sharp Rise in Losses

Greenheart Group (HK:0094) has released an update.

Greenheart Group Limited has issued a profit warning, anticipating a significant increase in net loss of at least HK$62.8 million for the first half of 2024 compared to the same period in 2023. The expected loss is primarily due to a decrease in log selling prices affecting their New Zealand plantation forest assets and operational challenges in west Suriname, resulting in the cessation of activities there. Shareholders and potential investors are advised to be cautious when dealing in the company’s securities.

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