CF Energy Corp. Reveals Mixed 2023 Financials

Cf Energy Corp (TSE:CFY) has released an update.

CF Energy Corp. reported a substantial increase in revenue for 2023 at RMB 434.0 million, marking a 40% rise from the previous year, with a corresponding 13% growth in gross profit. However, net profit fell by 59% to RMB 3.0 million, impacted by non-recurring items. Adjusting for these factors, the company’s non-IFRS adjusted net profit soared by 675%, indicating a robust underlying financial performance.

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