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New Times Energy's Board Approves Name Change
New Times Energy Flags Losses in H1
Newtimes Energy (00166): Starting from August 28th, the Chinese stock abbreviation will be changed to "Sitoy Group".
Newtimes Energy (00166) announced that the company's name has been changed to 'New Times Corporation'...
Newtimes Energy (00166.HK) profit warning: expect a midterm after-tax loss of approximately 15 million Hong Kong dollars to 25 million Hong Kong dollars.
Glucose August 22, Newtimes Energy (00166.HK) announced that the group is expected to record a net loss of approximately 15 million Hong Kong dollars to 25 million Hong Kong dollars for the six months ending June 30, 2024, while the same period in 2023 recorded a net profit of 57.9 million Hong Kong dollars. The expected net loss for the six months ending June 30, 2024 is mainly due to the net impact of the following factors: (i) the group's upstream business in Canada has been adversely affected by the continuous decline in natural gas prices, which fell by approximately 47% throughout the period. In addition, due to the spread of wildfires and local evacuation orders, the group's production in the northeast of British Columbia province.
Express News | New Times Energy - Expected Result Due to 47% Revenue Decline From Upstream Business in Canada in Hy, Others
Express News | New Times Energy Corporation Sees Loss After Tax of HK$15 Mln to HK$25 Mln for Six Months
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