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