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Petro-king Oilfield Services Reports Reduced Losses for 2024
PETRO-KING (02178.HK) expects an annual loss not to exceed 25 million Hong Kong dollars.
On March 19, Gelonghui reported that PETRO-KING (02178.HK) announced that the group expects to record a net loss and a loss attributable to shareholders not exceeding 25 million HKD for the fiscal year ending December 31, 2024, compared to a net loss and loss attributable to shareholders of approximately 74.7 million HKD and 73.5 million HKD for the previous year, respectively. The Board of Directors presents that the reduction in net loss and loss attributable to shareholders is mainly due to (i) a decrease in goodwill impairment loss; (ii) a decrease in depreciation of properties, plants, and equipment; and (iii) a decrease in impairment of financial assets and contract assets.
Express News | Petro-King Oilfield Services Ltd - Decrease in Net Loss Due to Lower Impairment Loss and Depreciation, Others in Year
Express News | Petro-King Oilfield Services - Expects Net Loss of No More Than HK$25 Mln for 2024
PETRO-KING: PROFIT ALERT - REDUCTION IN LOSS
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