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Straits Petrochemical (00852.HK) changed profit and loss to HK$95.4 million in 2023
Gelonghui, March 26, 丨 Straits Petrochemical (00852.HK) announced its annual results for the year ended 31 December 2023, with annual revenue of approximately HK$1,266 million (2022: approximately HK$923 million). The loss attributable to the owners of the company was approximately HK$95.4 million (2022: profit of approximately HK$6.2 million). Loss per share was HK4.49 cents. International oil prices fell sharply due to macroeconomic factors such as changes in interest rate expectations, the strength of the US dollar, and supply and demand dynamics. Geopolitical events have further created uncertainty in the market. Overall, prudent market sentiment reflects
Straits Petrochemical (00852) announced annual results. Shareholders' losses of HK$95.407 million were converted from profit to loss year-on-year
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 the current year, the Group received about 60% (2022:68%) of the revenue from the trading business
STRONG PETRO: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Strong Petrochemical to Swing to Loss in 2023
Strong Petrochemical Holdings (HKG:0852) expects to log an attributable loss of around HK$95 million to HK$105 million for the year ended December 2023, as opposed to a profit of close to HK$6.2 milli
Straits Petrochemical (00852.HK) Profit Alert: Expected loss of HK$95 million to HK$105 million in 2023
On March 20, GLONGHUI (00852.HK) issued an announcement. Compared with the profit attributable to company owners of about HK$6.2 million in 2022, the Group is expected to record losses of between HK$95 million and HK$105 million for the year ended 31 December 2023, mainly due to (i) a rise in impairment losses on unlisted equity investments; (ii) a drop in dividend income from unlisted equity investments; (iii) a drop in interest income from accounts receivable; and (iv) a decrease in revised income on debt and other losses. Where allowances have declined Offsets.
海峽石油化工:溢利警告
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