CHK Oil Ltd. Reports 4.6% Rise in Revenue to HK$38.39 Million, Net Loss Narrows to HK$11.10 Million for H1 2025
Reuters
Sep 29
CHK Oil Ltd. Reports 4.6% Rise in Revenue to HK$38.39 Million, Net Loss Narrows to HK$11.10 Million for H1 2025
CHK Oil Ltd. reported its unaudited condensed consolidated interim financial results for the six months ended 30 June 2025. Group revenue rose to HK$38.39 million from HK$36.71 million in the same period last year. Cost of sales increased to HK$38.14 million from HK$36.58 million, resulting in a gross profit of HK$0.25 million, up from HK$0.12 million in the prior period. The company recorded a loss before tax of HK$12.75 million, compared to a loss of HK$12.39 million in the first half of 2024. After recognizing an income tax credit of HK$1.64 million, the net loss for the period was HK$11.10 million, an improvement from a net loss of HK$12.39 million in the previous year. Total comprehensive loss for the period was HK$8.54 million, compared to a total comprehensive loss of HK$14.94 million a year earlier. The results reflect exchange differences arising on translation of foreign operations, which contributed HK$2.56 million in other comprehensive income, compared with a loss of HK$2.55 million in the previous period. No significant updates about business operations or outlook were included in the released interim report.
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