Yanchang Petroleum Warns of H1 Loss

MT Newswires Live08-06

Yanchang Petroleum International (HKG:0346) expects a loss of around HK$27.3 million for the six months ended June 30, against a profit of HK$12.8 million a year prior, a Tuesday bourse filing said.

The oil and gas company attributed the loss mainly to a loss of the oil and gas production business in Canada.

Shares of the company closed nearly 7% lower on Tuesday.

Price (HKD): $0.25, Change: $-0.02, Percent Change: -6.79%

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