Fortune Strong Environmental to Turn Profit in 1H2025, Excluding Taxes, of at Least HK$11 million, Compared to a Loss Last Year
Fortune Strong Environmental (01395) announced that the group expects to achieve a profit of at least HK$11 million, excluding taxes, in the first half of 2025. This is a significant turnaround from the loss of approximately HK$10.1 million recorded in the six months ended June 30, 2024.
The board believes that the expected profit in the first half of 2025 is primarily due to the increased revenue from the business operations of its subsidiaries, including the expansion of wastewater treatment facilities by Gaohe Hengfa Wastewater Treatment Co., Ltd. (which commenced construction in November 2024), as well as information technology services provided by PT Rimba Palma Sejahtera Lestari, particularly the biomass power supply business of PT Sentosa Jaya Purnama which started commercial operation in July 2024.