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Yanchang Petroleum International Limited ( (HK:0346) ) has provided an update.
Yanchang Petroleum International Limited has issued a positive profit alert, indicating an expected profit of around HK$55 million for the year ending December 31, 2024, compared to HK$580 million in the previous year. The decrease in profit is attributed to the absence of a one-off gain from the deconsolidation of a subsidiary in 2023, though the Canadian oil and gas operations contributed positively with a net profit of HK$63 million due to asset impairment recovery.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited operates in the oil and gas industry, focusing on the exploration, development, and production of oil and gas resources. The company has a significant market presence in Canada, contributing to its overall business operations.
YTD Price Performance: 3.85%
Average Trading Volume: 184,295
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$297M
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