CHK Oil Swings to Profit on Impairment Reversals Despite Revenue Slump
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CHK Oil Limited reported a revenue decline to HK$58.8 million for 2025 from HK$153.1 million in the previous year. However, the company swung to a net profit of HK$16.2 million, recovering from a HK$21.5 million loss in 2024, due to substantial impairment reversals and lower administrative expenses. Despite weaker sales, this indicates a partial recovery in its financial position. The latest analyst rating for CHK Oil (HK:0632) is a Hold with a price target of HK$0.26.
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