Supply chain company Yunnan Energy slashes net loss by over 40%

The company will report its annual results by mid-March 2024.

Yunnan Energy International Co. Limited expects its net loss of the Group to decrease by over 40% for 2023, compared to HK$8.9m for the year ended 31 December 2022, the company said in a bourse filing.

The scientific instruments manufacturer posted the profit guidance ahead of its annual results being released in mid-March.

Yunnan Energy attributed the lower net loss to a decrease in the selling and distribution expenses, effective cost control, and the reversal of impairment losses of financial assets.

Results are based on the information currently available and a preliminary assessment by the board of the latest unaudited consolidated management accounts for the year ended 31 December 2023.

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