ASIA ENERGY LOG issues a profit warning, expecting a mid-term loss from continuing operations of approximately HKD 15 million
ASIA ENERGY LOG announced a profit warning, expecting a mid-term loss from continuing operations of approximately HKD 15 million for the period ending June 30, 2025, an improvement compared to HKD 36 million for the same period in 2024. The improvement is attributed to a reduction in employee costs and other operating expenses, as well as no losses recorded from the sale of financial assets
According to the announcement from ASIA ENERGY LOGISTICS (00351), it is expected that the loss from continuing operations for the six months ending June 30, 2025, will be approximately HKD 15 million, compared to a loss of approximately HKD 36 million for the same period ending June 30, 2024. This improvement is mainly due to (i) a reduction in employee costs and other operating expenses, and (ii) the absence of losses from the sale of financial assets measured at fair value through profit or loss for the six months ending June 30, 2025, compared to the same period in 2024
