On September 27, Green Energy Group (00979.HK) announced that in the 2024 fiscal year, the group's revenue from operations amounted to approximately 71,000,000 Hong Kong dollars, a decrease of 11.3% compared to the 2023 fiscal year. The decrease in revenue mainly came from the wind power business segment.
In the 2024 fiscal year, the company's owners' share of net loss amounted to approximately 14,300,000 Hong Kong dollars (2023 fiscal year: approximately 9,000,000 Hong Kong dollars), an annual increase of 58.9%. The increase in loss was mainly due to a decrease in revenue and a surge in transportation costs in the context of weakened demand for waste cooking oil, resulting in a decrease in the net profit of the wind power business segment.
