SPT Energy Group Inc. has released its 2024 Annual Report, outlining the company's financial performance and business updates. The report highlights a challenging year for the group, marked by a notable reduction in workload due to extreme weather conditions in Kazakhstan. The company faced lower revenue and profitability, influenced by continuous cost-cutting and efficiency improvement programs, undercapitalization, and increasing market competition. Additionally, the group's oil project in Indonesia remains in the pre-exploration phase and has not yet contributed revenue. The company also accounted for an impairment provision on certain assets. Despite these challenges, SPT Energy Group Inc. continues to optimize its business strategies and internal management to maintain stable operations. The full report can be accessed through the link below.
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