EPI (HOLDINGS) released its interim results, with shareholders' profit attributable to shareholders amounting to HKD 11.117 million, an increase of 975.15% year-on-year
EPI (HOLDINGS) announced its interim results for the period ending June 30, 2025, with revenue of HKD 38.158 million, an increase of 3.57% year-on-year; profit attributable to shareholders was HKD 11.117 million, a significant increase of 975.15% year-on-year. The basic earnings per share were HKD 1.86. The growth in performance was mainly attributed to an increase in foreign exchange gains and changes in related tax and professional expenses
According to the Zhitong Finance APP, EPI (HOLDINGS) (00689) released its interim results for the six months ending June 30, 2025, reporting revenue of HKD 38.158 million, an increase of 3.57% year-on-year; profit attributable to shareholders was HKD 11.117 million, a year-on-year increase of 975.15%; basic earnings per share were HKD 0.0186.
The announcement stated that the increase in revenue and profit was mainly due to the recognition of foreign exchange gains of HKD 8.136 million during the first half of 2025 as a result of the appreciation of the Canadian dollar and New Zealand dollar against the Hong Kong dollar (June 30, 2024: foreign exchange loss of HKD 3.753 million); the income tax expense related to oil exploration and production activities increased to HKD 1.495 million (June 30, 2024: HKD 0.412 million); and the recognition of professional fees of HKD 0.321 million related to the company's capital restructuring and participation in oil exploration and production business operational agreements (June 30, 2024: none)
