According to the Zhitong Finance App, Straits Petrochemical (00852) announced its annual results for the year ended December 31, 2023. The group obtained revenue of HK$1,266 billion, an increase of 37.19% over the previous year; losses due to company owners were HK$95.407 million, compared with a profit of HK$6.18 million for the same period last year; loss per share was HK4.49 cents.
The Group is mainly engaged in commodity trade. In the current year, the Group's trading business revenue was approximately HK$1,212 million (2022: approximately HK$879.9 million). In this year, about 60% (2022:68%) of the Group's trading business revenue came from trading in petrochemical products, and in the current year, about 4% (2022:4%) from trading in refined oil products. In the current year, revenue from coal trade was approximately 36% (2022:28%).