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Sino Gas Holdings Group Limited ( (HK:1759) ) has provided an update.
Sino Gas Holdings Group Limited reported its annual results for the year ended December 31, 2024, showing a mixed performance. The company experienced a significant increase in sales volume for liquefied petroleum gas and liquefied natural gas, while compressed natural gas sales declined. Despite a 16.2% increase in revenue to RMB1,634.1 million, the company faced a decrease in gross profit by 37.1% and reported a net loss of RMB17.8 million, compared to a profit in the previous year. This financial outcome reflects challenges in cost management and market conditions, impacting the company’s profitability and shareholder returns.
More about Sino Gas Holdings Group Limited
Sino Gas Holdings Group Limited is a company incorporated in the Cayman Islands, operating in the energy sector with a focus on the sale of liquefied petroleum gas, compressed natural gas, and liquefied natural gas.
YTD Price Performance: 40.0%
Average Trading Volume: 32,750
Technical Sentiment Signal: Sell
Current Market Cap: HK$151.2M
See more insights into 1759 stock on TipRanks’ Stock Analysis page.