Brief: Yuan Heng Gas Sees Decrease Of More Than 50% Of Consol Profit Attributable For Year

Yuan Heng Gas Holdings

28/06/2023 02:06

June 28 (Reuters) - Yuan Heng Gas Holdings Ltd
 0332.HK :
    * SEES DECREASE OF MORE THAN 50% OF CONSOLIDATED PROFIT FOR
YEAR
ATTRIBUTABLE OF APPROXIMATELY RMB64 MILLION
    * SEES SIGNIFICANT LOSS FOR YEAR
    * SEES DECREASE IN FY GROSS AMOUNTS FROM OPERATIONS BY 5.8%
    * STILL ACCESSING REASONABLE SCALE OF IMPAIRMENT LOSSES,
WHICH
WOULD BE NOT LESS THAN RMB150 MILLION
    * IMPAIRMENT LOSSES WILL SIGNIFICANTLY AFFECT FINANCIAL
RESULT OF
FY22-23
    * IF IMPAIRMENT LOSSES ARE DISREGARDED, BOARD ANTICIPATES
THAT
THERE WILL BE PROFIT FOR FY 22-23
    * NO PROGRESS MADE REGARDING HUAHENG ENERGY'S PERMIT RENEWAL
    * SEES DECREASE IN FY REVENUE FROM ONE OF GROUP'S BUSINESS
SEGMENT
    * IF HUAHENG ENERGY IS NOT ABLE TO RENEW ITS PERMIT MAY
CONSIDER
TO DISPOSE OF HUAHENG ENERGY AND SEEK COMPENSATION

Source text for Eikon:  ID: 
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