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CHK Oil Limited Reports Annual Financial Results for 2024

Story Highlights
  • CHK Oil Limited operates in the oil industry, focusing on production and services.
  • The company reported a comprehensive loss of HK$24,690,000 for 2024, with decreased revenue and increased expenses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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.

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