tiprankstipranks

Asia Energy Logistics Group Issues Profit Warning with Expected Losses in 2024

Story Highlights
Asia Energy Logistics Group Issues Profit Warning with Expected Losses in 2024

Don’t Miss TipRanks’ Half-Year Sale

Asia Energy Logistics Group Limited ( (HK:0351) ) has issued an update.

Asia Energy Logistics Group Limited, a company incorporated in Hong Kong, has issued a profit warning indicating an anticipated net loss of approximately HK$30 million for the year ending December 31, 2024. This marks a significant downturn from a net profit of HK$11.1 million in the previous year, attributed to decreased charter-hire income and changes in the fair value of financial assets. The final audited financial results are expected to be released in March 2025, and stakeholders are advised to exercise caution.

More about Asia Energy Logistics Group Limited

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €27.31M

See more data about 0351 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1