SEHK:182Renewable Energy
Concord New Energy Group (SEHK:182) Stock Tracks Profit Slide Into Loss
Concord New Energy Group stock closed at HK$0.315 on Friday, up over the past week but still down over the past month and quarter. The market has treated the shares like a short term trading story. The latest half year figures tell a different story. The headline is profit pressure. Trailing twelve month earnings from continuing operations show a small loss, and interest payments are still not well covered. For a capital intensive renewable operator, that squeeze on earnings and financing...