DETAI NEWENERGY (00559) announces its interim results, with a net profit attributable to shareholders of HKD 6.127 million, turning a loss into a profit year-on-year.

DETAI NEWENERGY (00559) released its performance for the six months ended December 31, 2024. The group achieved a profit of HK$9.55 million during the period, a decrease of 0.24% year-on-year. The profit attributable to owners of the company was HK$6.127 million, compared to a loss of HK$54.554 million in the same period last year. Earnings per share were 1.17 HK cents. The announcement stated that the net profit was mainly attributed to a fair value change in financial assets recognized in profit or loss, amounting to approximately HK$6.8 million.