DETAI NEWENERGY (00559) issued a profit warning, expecting a net loss of approximately HKD 65 million to HKD 75 million for the fiscal year.

DETAI NEWENERGY (00559) announced that the group expects to incur a net loss of between HK$65 million and HK$75 million for the year ending June 30, 2024, compared to a net loss of approximately HK$70 million for the year ending June 30, 2023. The net loss is primarily attributable to a fair value loss of approximately HK$42 million on financial assets recognized at fair value.