CNPC (00632) announced that the Group expects to acquire the company for the year ended December 31, 2023...
According to the Zhitong Finance App, CNPC (00632) announced that the Group expects to obtain no more than HK$60 million in net losses due to the company's shareholders for the year ended December 31, 2023, while the net loss attributable to the company's owners for the year ended 31 December 2022 was approximately HK$11.2 million.
According to the announcement, the expected increase in net losses for the 2023 fiscal year is mainly due to the Group's revenue from petroleum and petroleum-related products falling by more than 55% compared to the 2022 fiscal year. The decrease in revenue for the 2023 fiscal year is calculated by combining the impairment loss of about HK$46.5 million in cash generating units (including oil and gas assets and intangible assets) in the oil and gas segment.