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E&P Global Forecasts Loss in 11 Months Through February
E&P Global Holdings Issues Profit Warning Amid Asset Impairment
E&P GLOBAL (01142.HK) profit warning: expects a consolidated loss of no less than 0.46 billion Hong Kong dollars for the first eleven months.
Gelonghui May 7th丨E&P GLOBAL (01142.HK) announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the eleven months ending February 28, 2025, it is expected that the Group may record a consolidated loss of no less than 0.46 billion Hong Kong dollars during this period. The expected net consolidated loss during the review period is mainly due to the downward trend in Coal prices during the review period, as well as fluctuations in the Exchange Rates of the Hong Kong dollar (the currency presented by the company) and the Russian ruble (the statutory currency of the country where the exploration and evaluation Assets are located), leading to the exploration and evaluation Assets (related to the Group's mining rights in the Russian coal mine No. 2) ("exploration and evaluation Assets"
Express News | E&P Global Holdings - Loss Due to Coal Price Decline and Currency Volatility for 11 Months, Others
Express News | E&P Global Holdings Ltd - Expected Loss Not Less Than HK$460 Million for 11 Months
E&P GLOBAL: PROFIT WARNING