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Shengli Oil & Gas Pipe Holdings Ltd. ( (HK:1080) ) just unveiled an update.
Shengli Oil & Gas Pipe Holdings Ltd. announced a significant reduction in its annual loss for FY2024, with losses expected to decrease to RMB45.0 million from RMB98.4 million in FY2023. This improvement is attributed to the absence of impairment loss related to its investment in Xinfeng Energy and increased gross profits from national pipeline projects and anti-corrosion processing, despite a decrease in other income.
More about Shengli Oil & Gas Pipe Holdings Ltd.
Shengli Oil & Gas Pipe Holdings Ltd. operates in the oil and gas industry, focusing on the production and supply of pipes and related products. The company is involved in national pipeline projects and anti-corrosion processing, which are key areas of its market focus.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €16.91M
For detailed information about 1080 stock, go to TipRanks’ Stock Analysis page.