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Business Summary: Starhedge SA, formerly Global Energy SA, is a Poland-based company active in the renewable energy sector. The Company is engaged in energy production from different renewable sources through its brand Greenenergy, as well as crop production and dairy cattle farming for eco food, through its brand Graineco. The Company cooperates with Novenergia II Energy&Environmental (SCA) SICAR, as well as Fairplay Agriculutral Fund. It operates in Bulgaria. On March 26, 2014, the Company sold its remaining 50% stake in New Vision Management AD to IBG Consulting Co Ltd, China. It operates through several special purpose entities, such as KIS INVEST 1 OOD, KIS INVEST 2 OOD, KIS INVEST 3 OOD, KIS INVEST 4 OOD and KIS INVEST 5 OOD as well as KIS INVEST OOD.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Starhedge SA revenues increased 1% to PLN6M. Net income increased from PLN155K to PLN379K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Other Operating Expenses decrease of 72% to PLN43K (expense), Total Financial Income increase from PLN89K to PLN194K (income).