CHK Oil ( (HK:0632) ) has issued an update.
CHK Oil Limited reported its consolidated annual results for the year ending December 31, 2024, showing a decrease in revenue from HK$161,497,000 in 2023 to HK$153,126,000 in 2024. Despite a slight increase in gross profit, the company experienced a total comprehensive loss of HK$24,690,000, attributed to increased administrative expenses and impairment losses. This financial performance highlights ongoing challenges in managing costs and asset impairments, impacting the company’s profitability and stakeholder interests.
More about CHK Oil
CHK Oil Limited is incorporated in Bermuda and operates in the oil industry. The company focuses on oil production and related services, catering to various market demands within the energy sector.
YTD Price Performance: -27.78%
Average Trading Volume: 11,596,789
Technical Sentiment Signal: Sell
Current Market Cap: HK$334.3M
See more data about 0632 stock on TipRanks’ Stock Analysis page.