According to the Zhitong Finance App, China Hong Kong Petroleum (00632) announced its interim results for the six months ended June 30, 2023, with revenue of HK$39.952 million, a year-on-year decrease of 89.15%; owners of the company should account for a loss of HK$7.62 million, compared to a profit of HK$10.982 million in the same period last year; a loss of HK$0.91 per share.
According to reports, the decline in net profit in the first half of 2023 is mainly due to the Group's revenue from sales of petroleum and petroleum-related products in the first half of 2023 falling by about 89% compared to the first half of 2022.