Greenheart Group forecasts ≥85% narrowing of 1H 2026 loss, buoyed by NZ asset sale and Suriname exit

Bulletin Express
Aug 07

Greenheart Group Limited announced that preliminary unaudited figures for the six months ended 30 June 2026 point to a reduction of at least 85% in its net loss versus the HK$97.60 million loss recorded a year earlier. The implied interim loss should not exceed approximately HK$14.64 million.

Management attributed the turnaround to three key factors:

1. New Zealand divestment gains • The company booked a net gain of about HK$26.70 million from the disposal of plantation forest assets and related property, plant and equipment in New Zealand. • The transaction generated a gross gain of HK$59.40 million, offset by HK$32.70 million in disposal costs.

2. Market-driven valuation impact • A fair-value loss of roughly HK$9.10 million was recognised on the remaining New Zealand plantation assets, reversing a HK$22.70 million gain in the prior-year period as log prices softened.

3. Discontinued Suriname operations • Losses from the Suriname division narrowed by around HK$88.40 million after the Group divested most of its loss-making subsidiaries in the country during 2025.

The Board emphasised that the figures are based on management accounts and remain subject to review. Full unaudited interim results are scheduled for release by end-August 2026.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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