Ouhua Energy Expects Fiscal Year 2024 Loss as Gas Demand Slows

Trading View
2025.02.21 00:18
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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.

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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