Ouhua Energy Expects Fiscal Year 2024 Loss as Gas Demand Slows
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Ouhua Energy Holdings expects to report a net loss for 2024, citing weaker sales amid a slump in liquefied natural gas prices and slowing industrial demand in China, according to a Thursday filing on the Singapore Exchange. The company said lower gas prices had dampened market demand for liquefied petroleum gas, while China's economic slowdown weighed on industrial consumption.
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