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ESGL Holdings Limited (NASDAQ: ESGL) drives innovation in industrial waste transformation through sustainable management solutions. This comprehensive resource aggregates official financial disclosures, operational updates, and strategic developments from the Singapore-based environmental technology leader.
Investors and industry observers can track ESGL's progress in converting hazardous materials into reusable resources across key sectors. The curated news collection features earnings reports detailing margin improvements, multi-year contract renewals with major refiners, and expansion initiatives within ASEAN markets.
Key updates include developments in circular product innovation, partnerships advancing sustainable construction materials, and operational milestones from ESG Chemicals Sdn Bhd. Content focuses on verified business achievements while maintaining strict compliance with financial disclosure standards.
Bookmark this page for direct access to ESGL's latest progress in waste-to-value conversion technologies and regional market expansion. Regular updates ensure timely awareness of sustainability initiatives and financial performance metrics critical for informed analysis.
ESGL Holdings (NASDAQ: ESGL), a leading carbon-neutral enviro-tech company, announced that its Executive Director, Lawrence Beng Hui, Law, has acquired 1,126,000 ordinary shares of the Company. The shares were purchased through privately negotiated block trades and open-market purchases at an average price of US$1.88 per share.
This acquisition increases Mr. Law's ownership stake in ESGL from 1.3% to 4.1%. Mr. Law expressed confidence in ESGL's strategy and progress in advancing sustainable technologies, emphasizing the company's expansion into new markets.
ESGL reaffirmed its commitment to creating shareholder value while maintaining a strong focus on environmental sustainability. The company continues to leverage technology and innovation, prioritize customer-centricity, and enhance overall business operations management.
ESGL Holdings (NASDAQ: ESGL) reported its financial results for the first half of 2024, marking a significant milestone as its operating subsidiary achieved its first profitable half-year. Key highlights include:
- Revenue growth of 2.8% to US$3.49 million
- 45.3% reduction in loss before taxation to US$322,000
- 66.6% decrease in logistics costs, saving US$527,000
Segment performance varied, with Solid Waste Thermal Processing Solutions growing by 8.15%, while Liquid Waste Synthesis Solutions and Circular Products Sales faced challenges. The company remains optimistic about the second half of 2024, focusing on expanding its customer base and regaining waste volume while maintaining operational efficiency.
CEO Quek Leng Chuang expressed pride in the subsidiary's profitability and confidence in driving sustained growth across core segments.
ESGL Holdings (NASDAQ: ESGL) and STMicroelectronics (ST) have achieved a groundbreaking milestone in sustainability by creating the world's first sustainable bricks made from semiconductor waste. This innovative product, named NEWSPAR, is regenerated from Hydrofluoric wastewater sludge and Hydrofluoric Acid.
ESGL's cutting-edge technology has successfully transformed ST's hazardous semiconductor waste into a safe and sustainable resource. The resulting bricks are not only environmentally friendly but also highly durable and suitable for various construction applications. This achievement is expected to drive substantial decarbonization across multiple supply chains and reinforce the global shift toward a circular economy.
The collaboration between ESGL and ST demonstrates the potential for waste reutilization in critical industries. Both companies' leadership have enthusiastically endorsed the partnership, highlighting its significance in accelerating sustainability efforts and creating value from industrial waste.
ESGL Holdings reported a 23.5% increase in revenue to $6.2 million in 2023, driven by higher waste volumes. Gross margin improved from 64.3% to 69.1%. Adjusted EBITDA decreased by 15.7% due to non-recurring items. Net loss was approximately $95 million, primarily from listing costs. The company aims for double-digit revenue growth and breakeven results by the end of 2024.
ESGL Holdings (NASDAQ: ESGL) announced it will host a conference call to discuss full year 2023 results on May 10, 2024. The Company expects double-digit revenue growth for 2023, showing significant expansion in capacity. Management plans to share strategies for continued growth and improved profitability in 2024.
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