Sadot Group swings to Q3 net loss

Reuters11-20
<a href="https://laohu8.com/S/SDOT">Sadot</a> Group swings to Q3 net loss 

Overview

  • Sadot Group Q3 consolidated revenue at $0.3 mln, net loss of $15.2 mln

  • Company reports negative EBITDA of $14.3 mln for Q3

  • Sadot Group invests in Indonesian carbon project, acquiring 37.5% equity stake in Special Development Group $(SDG)$

Outlook

  • Company to implement cost-cutting measures and monetize assets

  • Sadot Group invests in Indonesian carbon project, expects generate between 1.1 mln and 1.2 mln high-integrity carbon credits in its first issuance cycle

Result Drivers

  • RECEIVABLES ISSUES - Sadot LLC faced challenges in collecting certain receivables, limiting commodity-based credit trades

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$15.20 mln

Press Release: ID:nACSNzZPBa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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