Yanchang Petroleum International Expects Lower Profits in 2024

MT Newswires Live

2025/03/11

Yanchang Petroleum International (HKG:0346) expects HK$55 million in profit for 2024, lower than HK$580 million from 2023, a Tuesday Hong Kong bourse filing said.

The company attributed the expected decrease to the lack of a one-off gain from the deconsolidation of a Chinese non-wholly owned subsidiary, which was recorded for 2023.

Shares of the company closed nearly 2% higher on Tuesday.

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