MIE Holdings Reports Downturn in H1 2024 Performance

MIE Holdings Corp. (HK:1555) has released an update.

MIE Holdings Corporation reported a decline in its oil production and financial performance for the first half of 2024, with gross crude oil production dropping by 37.2% and net production down by 19.5%. The company’s revenue fell by 9.9%, and it suffered a loss of 81.9% compared to the same period in 2023. This significant downturn follows the disposal of its interests in the Moliqing oilfield in late 2023.

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