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DETAI NEWENERGY announced its interim results, with a profit attributable to Shareholders of 6.127 million Hong Kong dollars, turning around from a loss compared to the same period last year.
DETAI NEWENERGY (00559) announced its performance for the six months ending December 31, 2024, during which the Group achieved revenue of 9.55 million Hong Kong dollars, a year-on-year decrease of 0.24%. The profit attributable to the owners of the company was 6.127 million Hong Kong dollars, compared to a loss of 54.554 million Hong Kong dollars for the same period last year; basic earnings per share were 1.17 Hong Kong cents. The announcement stated that the net gain from the fair value changes of financial assets measured at fair value through profit or loss was approximately 6.8 million Hong Kong dollars.
DETAI NEWENERGY: 2024/2025 INTERIM RESULTS ANNOUNCEMENT
DeTai New Energy Group Expects Return to Profit in Fiscal H1
DETAI NEWENERGY (00559.HK) expects a mid-term net profit of 5 million to 10 million HKD.
On February 20, Glonghui reported that DETAI NEWENERGY (00559.HK) announced that the group expects to record a net profit of between 5,000,000 HKD and 10,000,000 HKD for the six months ending December 31, 2024, compared to a net loss of approximately 55,000,000 HKD in the same period last year. The recorded net profit is mainly attributed to the fair value changes in financial Assets recognized in profit or loss, amounting to approximately 7,000,000 HKD.
Express News | DeTai New Energy - Expected Result Due to Net Gain on Fair Value Change of Financial Assets at Fair Value Through Profit or Loss of HK$7 Mln
DETAI NEWENERGY: POSITIVE PROFIT ALERT
