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Synergy Group Reports Wider FY21 Loss; Shares Drop 7%

2021-07-02 10:47

10:47 PM EDT, 07/01/2021 (MT Newswires) -- Synergy Group (HKG:1539) reported its consolidated loss attributable to the owners widened to HK$279.8 million ($5.7 million) for the year ended March 31, from a loss of HK$109.8 million a year ago.

Loss per share widened to HK$0.456 from HK$0.2 a year earlier.

Revenue fell year on year to HK$53.8 million from HK$126.5 million, according to a Thursday filing.

The board did not declare a dividend for the year.

The energy-saving solutions provider anticipates the market to remain challenging due to an unstable economy and climate change risks.

Synergy shares fell more than 7% in the morning trading session.

Price (HKD): $0.46, Change: $-0.05, Percent Change: -9.00%

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