CHK Oil Logs Wider Attributable Loss in H1

MT Newswires Live10-02

CHK Oil (HKG:0632) recorded a loss attributable to owners of HK$12.4 million for the six months ended June 30, wider than HK$7.6 million logged for the corresponding period last year, a Wednesday filing with the Hong Kong Exchange said.

Loss per share stood at HK$0.0147 for the reporting period, compared with HK$0.0091 recorded for the year-ago period.

The oil and gas business company's revenue for the first half of this year was HK$36.7 million, lower than HK$40.0 million booked a year ago.

The company attributed the increase in attributable loss to a 75% reduction in gross profit from the sales of oil and oil-related products during the reviewing period compared with the same period last year.

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