Understanding the Market | UNITEDENERGY GP fell more than 8% in the afternoon, with a 26.74% year-on-year decrease in net profit for the first half of the year

UNITEDENERGY GP fell more than 8% in the afternoon, and as of the time of publication, it was down 6.78%, trading at HKD 0.55, with a transaction volume of HKD 159 million. In terms of news, UNITEDENERGY GP released its interim results for the six months ending June 30, 2025, reporting a revenue of HKD 8.088 billion, a year-on-year decrease of 4.17%; profit attributable to shareholders was HKD 740 million, a year-on-year decrease of 26.74%; basic earnings per share were HKD 0.0288. The company indicated that the decline in revenue was mainly due to the decrease in the average realized prices of crude oil and condensate; however, the increase in trading business and new clean energy business during the reporting period offset some of the impact