China Energy Development Holdings Ltd. Reports 28% Drop in Revenue for H1 2025

Reuters
Aug 28
<a href="https://laohu8.com/S/00228">China Energy</a> Development Holdings Ltd. Reports 28% Drop in Revenue for H1 2025

China Energy Development Holdings Ltd. announced its unaudited interim results for the six months ended 30 June 2025. The company reported a decrease in revenue, amounting to approximately HK$118.8 million, compared to approximately HK$165.8 million in the same period in 2024. This decline was primarily attributed to the exploration, production, and distribution of natural gas segment. The company also reported a segment profit before income tax of approximately HK$25.7 million, a decrease from the previous period. The money lending business segment did not generate any revenue during this period, with a segment loss before tax expenses of approximately HK$36,000, reflecting the company's stringent credit policy amid economic uncertainties. No outlook or guidance was provided in the announcement.

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