Greenheart Group (HK:0094) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
For further insights into HK:0094 stock, check out TipRanks’ Stock Analysis page.