Central New Energy Holding Group Limited provided group earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a net profit of not less than HKD 70 million as compared to a net loss of approximately HKD 30.3 million for the corresponding period in 2022. The turnaround from net loss to net profit was primarily attributable to an increase in turnover; an increase in gross profit in new energy and engineering, procurement and construction segment; a fair value gain on investment properties through profit and loss; reversal of loss allowance on trade and other receivables; and gain on disposal of subsidiaries, for the Reporting Period as compared with the corresponding period in 2022.
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5-day change | 1st Jan Change | ||
5.83 HKD | +1.75% | -1.19% | +16.14% |
Mar. 18 | Central New Energy Holding Returns to Profit as Revenue Surges | MT |
Mar. 18 | Central New Energy Holding Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
1st Jan change | Capi. | |
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+16.14% | 3.15B | |
-2.29% | 67.67B | |
+2.13% | 59.37B | |
+21.25% | 38.3B | |
+11.23% | 30.73B | |
+2.06% | 26.35B | |
+22.89% | 22.01B | |
+15.06% | 19.47B | |
+22.99% | 17.6B | |
+64.33% | 16.64B |
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