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The latest announcement is out from Yanchang Petroleum International Limited ( (HK:0346) ).
Yanchang Petroleum International Limited has issued a profit warning, indicating an expected loss of approximately HK$27.9 million for the first half of 2025, slightly higher than the HK$27.3 million loss recorded in the same period of 2024. This interim loss is primarily due to a significant loss from its Canadian oil and gas production business, highlighting ongoing challenges in that segment. The company is still finalizing its interim results, which are subject to adjustments, and advises shareholders and potential investors to exercise caution.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited operates in the oil and gas industry, focusing on the exploration, production, and sale of petroleum products. The company has a market presence in Canada, where it engages in oil and gas production activities.
Average Trading Volume: 2,196,346
Technical Sentiment Signal: Buy
Current Market Cap: HK$495M
For an in-depth examination of 0346 stock, go to TipRanks’ Overview page.