Perennial Energy Forecasts Substantial Profit Surge

Perennial Energy Holdings Ltd. (HK:2798) has released an update.

Perennial Energy Holdings Ltd. has signaled a significant increase in net profit after tax, projecting a rise of 65-73% for the first half of 2024 compared to the same period in 2023. The boost in profits is attributed to the expansion of the Baogushan Coal Mine and a subsequent increase in clean coal production and sales, despite ongoing geological challenges. Investors are urged to exercise caution when dealing in the company’s shares as these are preliminary figures that have not been audited.

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