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E&P Global Holdings Limited ( (HK:1142) ) has issued an update.
E&P Global Holdings Limited has issued a supplemental profit warning, indicating a likely consolidated loss for the fiscal year ending March 31, 2025, ranging between HK$290 million and HK$420 million. This anticipated loss is primarily due to an estimated impairment loss on exploration and evaluation assets, which has increased to approximately HK$708 million. The decline in asset valuation is attributed to lower coal sales prices, currency fluctuations, and changing inflation expectations. Despite this, the company expects to recognize a gain of approximately HK$468.5 million from the settlement of Convertible Notes, although a fair value adjustment loss of at least HK$100 million is also anticipated.
More about E&P Global Holdings Limited
E&P Global Holdings Limited is a company incorporated in the Cayman Islands with limited liability, listed on the Stock Exchange of Hong Kong. The company operates in the energy sector, focusing on exploration and evaluation assets, particularly involving coal sales.
Average Trading Volume: 601,641
Technical Sentiment Signal: Buy
Current Market Cap: HK$156.6M
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