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GREENHEART GP: Annual Report 2024
GREENHEART GP: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Greenheart Group Expects At Least 25% Wider Loss in 2024
GREENHEART GP (00094) issued a profit warning, expecting a net loss in 2024 to increase by about 25% year-on-year.
GREENHEART GP (00094) announced that the group expects for the fiscal year ending December 31, 2024...
GREENHEART GP (00094.HK) plans to hold a Board of Directors meeting on March 25 to approve the annual performance.
Gelonghui, March 11丨GREENHEART GP (00094.HK) announced that the Board of Directors meeting will be held on Tuesday, March 25, 2025, to consider and approve the annual performance and its release for the year ending December 31, 2024, as well as to propose the payment of a final dividend (if any) and to address any Other matters.
The profit warning indicates that GREENHEART GP (00094.HK) expects last year's net loss to have widened year-on-year.
GREENHEART GP (00094.HK) issued a profit warning, anticipating a net loss for the year ending December last year to expand by approximately 25% year-on-year. The group indicated that the increase in net loss is primarily due to a fair value loss of approximately 67.5 million yuan related to forestry assets located in New Zealand, compared to 12.1 million yuan for the same period in 2023. The fair value loss is mainly due to unfavorable market conditions leading to a decline in log prices. Additionally, the corresponding deferred income tax credit arising from the aforementioned fair value loss on forestry assets is approximately 7.9 million yuan; and the group's Suriname division's forest concession rights and logging rights, as well as.
