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Yunnan Energy Investment's Unit to Apply for 102 Million Yuan Loan
The Three-year Shareholder Returns and Company Earnings Persist Lower as Yunnan Energy New Material (SZSE:002812) Stock Falls a Further 6.0% in Past Week
Yunnan Energy Forecasts Net Profit for 2024
YUNNAN ENERGY (01298.HK) expects to turn a profit for the year.
On March 7, Glorious Report announced that YUNNAN ENERGY (01298.HK) expects to achieve a net income of no more than 1 million Hong Kong dollars for the year ending December 31, 2024, turning losses into profits, whereas the net loss for the year ending December 31, 2023, was approximately 5 million Hong Kong dollars. This anticipated turnaround into profit is mainly due to the increase in revenue and gross profit from the supply chain business, which is primarily attributed to the increased demand for several agricultural commodities and Industrial Products, including photovoltaic panels, panax notoginseng, and pulverized coal.
YUNNAN ENERGY: POSITIVE PROFIT ALERT
Express News | Yunnan Energy International Sees to Record Turnaround to Net Profit of Not More Than HK$1 Mln in FY