China HK Power Smart Energy’s Revenue Surge Amid Losses

China LNG Group (HK:0931) has released an update.

China HK Power Smart Energy Group Limited reported a significant increase in revenue to HK$252.8 million for the six months ending September 2024, compared to HK$128.6 million in the previous year. Despite this, the company faced a net loss of HK$57.0 million, slightly better than the previous year’s loss. These results reflect ongoing challenges in managing costs and legal penalties, impacting their overall financial performance.

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