CN Energy Group Reported Fiscal 2023 EPS $(0.10) Flat YoY; Revenue $57.90M Up 44% YoY

Benzinga02-16

CN Energy Group. Inc. (NASDAQ:CNEY) today announced its audited financial results for the fiscal year ended September 30, 2023 ("Fiscal 2023"). CNEY reported revenue of approximately $57.90 million for Fiscal 2023, marking a 44.0 percent increase compared to the fiscal year ended September 30, 2022 ("Fiscal 2022"). This increase was mainly due to an increase in the activated carbon sales, with 40,251 tons of activated carbon sold in Fiscal 2023, up by 39.2 percent from the previous year.

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