Central New Energy Holding Group Limited provided group earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a net profit of not less than HKD 70 million as compared to a net loss of approximately HKD 30.3 million for the corresponding period in 2022. The turnaround from net loss to net profit was primarily attributable to an increase in turnover; an increase in gross profit in new energy and engineering, procurement and construction segment; a fair value gain on investment properties through profit and loss; reversal of loss allowance on trade and other receivables; and gain on disposal of subsidiaries, for the Reporting Period as compared with the corresponding period in 2022.
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