Detai New Energy Group (00559) announced its annual results, with a net loss of HK$707.71 million, an increase of 1.3% over the previous year

According to the Zhitong Finance App, Detai New Energy Group (00559) announced results for the year ended June 30, 2024, with revenue of HK$31.266 million, up 0.3% year on year; net loss of HK$707.71 million, up 1.3% year on year; basic loss per share of HK $0.45 cents.

The net loss during the year was mainly due to a fair value loss of approximately HK$41.5 million on financial assets that included profit and loss at fair value.