ESGL Holdings reported improved financial results for H1 2024, with revenue increasing 2.8% to US$3.49 million. The company's operating subsidiary achieved its first profitable half-year, while overall loss before taxation decreased 45.3% to US$322,000 from US$590,000 in H1 2023. Significant cost optimization led to a 66.6% reduction in logistics costs, saving US$527,000.Segment performance showed mixed results with Solid Waste Thermal Processing Solutions growing 8.15%, while Liquid Waste Synthesis Solutions declined 45.8% due to regulatory impacts. Circular Products Sales decreased 39.1% amid lower base metals demand. Other income increased by US$93,000 due to foreign exchange gains.The company maintains an optimistic outlook for H2 2024, focusing on expanding its solid hazardous waste customer base and regaining liquid hazardous waste volume. Management is actively working on renewing long-term contracts with key clients to enhance profitability while maintaining operational efficiency.

ESGL Holdings reported improved financial results for H1 2024, with revenue increasing 2.8% to US$3.49 million. The company's operating subsidiary achieved its first profitable half-year, while overall loss before taxation decreased 45.3% to US$322,000 from US$590,000 in H1 2023. Significant cost optimization led to a 66.6% reduction in logistics costs, saving US$527,000.Segment performance showed mixed results with Solid Waste Thermal Processing Solutions growing 8.15%, while Liquid Waste Synthesis Solutions declined 45.8% due to regulatory impacts. Circular Products Sales decreased 39.1% amid lower base metals demand. Other income increased by US$93,000 due to foreign exchange gains.The company maintains an optimistic outlook for H2 2024, focusing on expanding its solid hazardous waste customer base and regaining liquid hazardous waste volume. Management is actively working on renewing long-term contracts with key clients to enhance profitability while maintaining operational efficiency.