ASIA ENERGY LOG announced its 2024 performance, reporting a loss attributable to shareholders of HKD 30.185 million, a year-on-year turnaround from profit to loss
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ASIA ENERGY LOG announced its 2024 performance, with revenue from continuing operations at HKD 48.142 million, a year-on-year decrease of 49.12%. The loss attributable to shareholders was HKD 30.185 million, a shift from profit to loss compared to the previous year, with a loss per share of HKD 1.51. The decrease in revenue was mainly due to low charter rates for contract renewals and a decline in telecommunications business revenue, while the increase in losses was attributed to reduced profits from shipping and logistics operations, as well as changes in the fair value of sold vessels and financial assets
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