Tsaker New Energy Tech Foresees Profit Drop

Tsaker New Energy Tech Co., Limited (HK:1986) has released an update.

Tsaker New Energy Tech Co., Limited anticipates a nearly 49% decrease in net profit for the first half of 2024 compared to the previous year, primarily due to falling dye intermediate product prices. Despite the profit dip, the company’s overall revenue remains stable with its agricultural chemical intermediates, pigment intermediates, new materials, and battery materials segments showing stable revenue and promising profitability. Investors are advised to exercise caution in dealing with the company’s securities until the official interim results are published.

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