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Yanchang Petroleum International Limited ( (HK:0346) ) has provided an announcement.
Yanchang Petroleum International Limited has issued a profit warning due to losses in its Canadian oil and gas production business, attributed to falling international crude oil prices. The global economic challenges, including the Russo-Ukrainian war and tensions in the Middle East, have contributed to a decrease in crude oil demand, impacting the company’s financial performance.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited is a company involved in the oil and gas industry, focusing on the production of these resources. The company operates primarily in Canada and is affected by international crude oil price volatility.
Average Trading Volume: 2,170,563
Technical Sentiment Signal: Buy
Current Market Cap: HK$462M
For detailed information about 0346 stock, go to TipRanks’ Stock Analysis page.