ENVISION GREEN Anticipates Annual Profit Turnaround to HK$58-63 Million

Stock News06-11

ENVISION GREEN (ASX: 01783) has announced a positive profit forecast, indicating that the group expects to achieve a turnaround from loss to profit for the fiscal year ending March 31, 2026. The anticipated net profit is projected to be in the range of approximately HK$58 million to HK$63 million. This contrasts with the net loss of about HK$15.7 million reported for the previous fiscal year ending March 31, 2025.

The board of directors attributes this significant improvement and profit increase to the combined effect of several key factors. These include a substantial revenue increase of over HK$1.5 billion for the relevant period, primarily driven by significant business growth in the reverse supply chain management and environmental protection-related services segments.

Additionally, sales and distribution expenses rose by more than HK$26 million, which is consistent with the expansion in business volume. Furthermore, share-based payment expenses settled with equity decreased by over HK$35 million compared to the same period last year.

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