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China Oil & Gas Group ( (HK:0603) ) has provided an update.
China Oil & Gas Group Limited reported its annual results for the year ended December 31, 2024, showing a decrease in revenue by 4.7% to HK$17,655 million. However, the company achieved a 10.8% increase in gross profit, reaching HK$2,184 million, and improved its gross profit margin to 12.4%. The total gas sales and transmission volume rose by 3.2%, with a notable 8.7% increase in transmission volume. Despite challenges, the company recorded a profit for the year of HK$701 million, reflecting a strong operational performance and strategic focus on enhancing profitability.
More about China Oil & Gas Group
China Oil & Gas Group Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the oil and gas industry. The company focuses on gas sales and transmission, serving a significant role in the energy market.
YTD Price Performance: 88.24%
Average Trading Volume: 1,000
Technical Sentiment Signal: Sell
Current Market Cap: $97.23M
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