Green Energy GP (00979) issued a profit warning, expecting the shareholders' loss for the year 2024 to increase to about 6.5 million to 8.5 million Hong Kong dollars year on year.

Green Energy GP (00979) announced that the Group is expected to incur a loss attributable to owners of the company of approximately HK$6.5 million to HK$8.5 million for the six months ended December 31, 2024, compared to approximately HK$4.6 million for the six months ended December 31, 2023. The Board believes that the increase in loss is mainly due to a decrease in the gross profit margin of the renewable energy business segment as a result of the increase in raw material purchase costs, leading to a net loss in that segment.