New Era Group Holdings (00166) announced interim results for the six months ended June 30, 2024. The group period...
According to the Zhitong Finance App, New Era Group Holdings (00166) announced interim results for the six months ended June 30, 2024. The group achieved profit of HK$4.518 billion during the period, a year-on-year decrease of 72.79%; loss attributable to shareholders was HK$24.9 million; profit attributable to shareholders was HK$57.9 million for the same period of the previous year, a year-on-year profit of HKD; a basic loss of HK$0.28 per share.
The announcement said that during the period, revenue from upstream oil and gas products contributed HK$0.164 billion in revenue, a decrease from HK$0.326 billion in 2023 due to fluctuations in global energy prices and the cessation of natural gas production due to fluctuations in global energy prices and the early Canadian wildfire season.
The remaining income of HK$4.354 billion (2023: HK$16.276 billion) came from physical precious metals sales in general and commodity refining and trading operations. The decline in precious metals sales was caused by rising gold commodity prices and high demand in the Middle East.