JTF INTL (09689.HK) expects an annual loss of approximately 8 million to 10 million yuan.

On March 13, Gelonghui announced that JTF INTL (09689.HK) expects a loss attributable to shareholders of approximately RMB 8,000,000 to RMB 10,000,000 for the year ending December 31, 2024, compared to a loss of approximately RMB 1,509,000 in the previous year. The expected increase in losses for the year is mainly due to the anticipated shift of port trade (excluding service income) from gross profit to gross loss and a decrease in gross margin, primarily influenced by fluctuations in oil prices and a cautious market atmosphere for oil products during the year, leading the group to occasionally choose to sell below procurement costs.

Gelonghui FinanceMar 13 08:09 ET

Express News | JTF International - Expected Result Due to Expected Turnaround From Gross Profit to Gross Loss in FY

ReutersMar 13 08:03 ET

Express News | JTF International Holdings Ltd - Expected Loss of RMB 8 Mln to RMB 10 Mln for 2024

ReutersMar 13 08:03 ET

JTF INTL: PROFIT WARNING

HKEXMar 13 08:02 ET · Announcements

China Merchants: With the drop in gas prices and the promotion of price alignment, the profit turning point for city gas has already appeared.

With the continuous expansion of exploration and development and advancements in engineering technology, the yield and economic viability of unconventional Henry Hub Natural Gas are expected to continue to improve, likely becoming an important component of China's natural gas supply in the future.

Zhitong FinanceMar 9 21:53 ET

Are Global Henry Hub Natural Gas prices about to rise? A significant increase in import volume is anticipated for Europe's summer procurement.

① Europe is experiencing a cold wave this year, coupled with the cessation of Henry Hub Natural Gas transit through Ukraine, leading to a drop in the region's natural gas inventory to 37%, far below the 60% of the previous two years; ② It is estimated that Europe needs to import an additional 250 batches of liquefied natural gas to replenish inventories to 90% before November; ③ On the other hand, the International Energy Agency warns that the liquefied natural gas market will continue to be tight this year, which will strongly support natural gas prices.

cls.cnMar 7 03:36 ET