Yanchang Petroleum Reports Revenue Growth but Faces Comprehensive Income Loss in 2024

An announcement from Yanchang Petroleum International Limited ( (HK:0346) ) is now available.

Yanchang Petroleum International Limited reported its audited consolidated results for the year ending December 31, 2024, showing a revenue increase to HK$29.18 billion from HK$27.74 billion in 2023. Despite the revenue growth, the company experienced a decline in total comprehensive income to a loss of HK$43.18 million, attributed to exchange differences on financial statements of subsidiaries outside Hong Kong, impacting the overall profitability.

More about Yanchang Petroleum International Limited

Yanchang Petroleum International Limited operates in the petroleum industry, focusing on oil exploration, production, and related services. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 17.31%

Average Trading Volume: 194,186

Technical Sentiment Signal: Buy

Current Market Cap: HK$330M

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