Sinopec Kantons Holdings Reports Decrease in Revenue to HK$307.5M, Profit Drops to HK$563.3M, EPS Down to 22.66 HK Cents for H1 2025
Reuters
Sep 04
<a href="https://laohu8.com/S/SNPKF">Sinopec Kantons</a> Holdings Reports Decrease in Revenue to HK$307.5M, Profit Drops to HK$563.<a href="https://laohu8.com/S/MMM">3M</a>, EPS Down to 22.66 HK Cents for H1 2025
Sinopec Kantons Holdings Limited released its interim financial results for the first half of 2025, reporting a year-on-year decrease in both revenue and gross profit. The company's revenue stood at approximately HK$307.5 million, down from HK$331.2 million in the same period of 2024, marking a decline of around 7.17%. Gross profit also decreased by approximately 12.35%, amounting to HK$155.7 million compared to HK$177.6 million in the first half of the previous year. These declines were attributed mainly to a reduction in business volume due to the downward adjustment of crude oil import. Net profit for the period was HK$563.3 million, down from HK$685.4 million in the corresponding period of 2024. Earnings per share for equity holders were reported at 22.66 HK cents, compared to 27.57 HK cents in the same period last year. The company expressed a commitment to addressing various risks and enhancing profitability, with the aim of becoming a world-class international petrochemical storage and logistics company. No specific future financial guidance was provided in the report.
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