CN Energy Group Reported Fiscal 2023 EPS $(0.10) Flat YoY; Revenue $57.90M Up 44% YoY
Portfolio Pulse from Benzinga Newsdesk
CN Energy Group, Inc. (CNEY) announced its Fiscal 2023 financial results, reporting a revenue of $57.90M, a 44% increase YoY, driven by a 39.2% increase in activated carbon sales. EPS remained flat at $(0.10).

February 16, 2024 | 6:30 am
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CN Energy Group reported a significant revenue increase of 44% in Fiscal 2023, driven by a 39.2% increase in activated carbon sales, while EPS remained flat at $(0.10).
The significant increase in revenue, particularly from activated carbon sales, indicates strong business performance and market demand. However, the flat EPS suggests that there are still challenges in profitability or increased expenses that offset the revenue growth. Investors might view the revenue growth positively in the short term, but the unchanged EPS could raise questions about long-term profitability.
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