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The latest announcement is out from Sanergy Group Ltd. ( (HK:2459) ).
Sanergy Group Limited has issued a profit warning, expecting a net loss of up to US$44 million for FY2024, significantly higher than the previous year’s loss of US$15.5 million. Despite achieving a 6% growth in sales volume and reducing unit costs, the company faced challenges due to decreased selling prices and high energy costs in Europe, largely attributed to the ongoing Ukrainian/Russian conflict, impacting its financial performance.
More about Sanergy Group Ltd.
Sanergy Group Limited operates in the graphite electrode industry, focusing on production and sales. The company is committed to maintaining market competitiveness despite global economic uncertainties.
YTD Price Performance: 17.00%
Average Trading Volume: 10,279,689
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$281.6M
For detailed information about 2459 stock, go to TipRanks’ Stock Analysis page.