Greenheart Group (HK:0094) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Greenheart Group Limited reported a significant increase in net loss for the first half of 2024, with a total comprehensive expense of HK$119.2 million, compared to HK$56.7 million in the same period last year. The company’s revenue dropped to HK$27.7 million from HK$50.7 million, while loss per share more than doubled from HK$(0.022) to HK$(0.051). These interim results highlight a challenging half-year for Greenheart, with increased financial asset impairments and a substantial fair value loss on plantation forest assets.
For further insights into HK:0094 stock, check out TipRanks’ Stock Analysis page.