CNPC (00632) announced its 2023 results, with revenue of approximately HK$161 million, a year-on-year decrease of 54.54...
According to the Zhitong Finance App, CNPC (00632) announced its 2023 results, with revenue of about HK$161 million, a year-on-year decrease of 54.54%; a net loss of HK$49.552 million, an increase of about 40.54 times over the previous year; and a loss of 5.89 HK cents per share.
According to the announcement, the increase in net loss was mainly due to the fact that the Group's revenue from sales of petroleum and petroleum-related products in FY2023 decreased by about 55% compared to FY2022, while the decrease in revenue in FY2023 was calculated by combining the impairment losses of oil and gas assets and intangible assets in the Oil and Gas Division of about HK$46.5 million.