Summary by Moomoo AI
Unitedenergy gp Limited announced its interim results for the six months ended June 30, 2024, with revenue rising 35.6% year-on-year to approximately 8.44 billion Hong Kong dollars, but gross profit declining 25.9% to approximately 1.89 billion Hong Kong dollars. Profit before interest, tax, depreciation, and amortization decreased by 5.8%, while net profit for the period decreased by 39.3% to approximately 1.01 billion Hong Kong dollars. Basic earnings per share decreased by 38.7% to 3.90 Hong Kong cents. The owners' equity increased by 7.6%, and total assets increased by 5.8%. The operational summary shows that the average equity production volume in Pakistan decreased by 13.9%, while the average equity production volume in the Middle East and North Africa assets increased by 12.1%. The group will continue to explore various opportunities to optimize its capital structure, supporting organic and inorganic growth.