TK NEW ENERGY Issues Profit Warning, Anticipates Annual Attributable Profit to Fall to HK$4-7 Million
Stock News
Jun 15
The company has announced an expected attributable profit for the fiscal year ending March 31, 2026, in the range of approximately HK$4 million to HK$7 million. This represents a significant decline compared to the attributable profit of HK$71.652 million reported for the previous fiscal year ending March 31, 2025.
The primary reason for this anticipated decrease is a reduction in both revenue and gross profit from the group's renewable energy business. This downturn is attributed to the impact of policy reforms that have introduced more market-oriented trading for new energy electricity prices.
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