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F8 ENT: 2024 INTERIM REPORT
F8 ENT: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
f8 ent (08347.HK) profit alert: expected net profit for the second quarter of 2024 to be approximately 1.5 million to 2.5 million Hong Kong dollars.
On November 19, Gelonghui reported that f8 ent (08347.HK) expects the group to record a net profit of approximately 1.5 million HKD to approximately 2.5 million HKD in the second quarter of 2024, while there was a net loss of approximately 2.4 million HKD for the six months ended September 30, 2023. According to the information currently available to the board of directors, the board believes that the group's net profit is mainly attributable to (i) an increase in diesel sales and transportation business in the second quarter of 2024; (ii) an increase in other income and other gains and losses in the second quarter of 2024; and (iii) a decrease in other operating expenses in the second quarter of 2024.
F8 ENT: POSITIVE PROFIT ALERT
Under the imbalance of supply and demand, a large number of new factories are starting to be put into production, and the 'super cycle' of the global refining industry is coming to an end.
Refineries in Asia, Europe, and the USA are facing the issue of profitability dropping to the lowest level in many years, marking the beginning of a decline in this industry that saw a surge in roi after the COVID-19 pandemic.
F8 ENT: Annual Report 2024
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