Tiger Brokers

E&P GLOBAL Reports Annual Loss of HK$16.6 Million, Marking 95% Improvement Year-on-Year

Stock News
Jun 30

E&P GLOBAL (HKEX: 01142) has announced its annual results for the period ending March 31, 2026. The company reported revenue of HK$699.7 million, representing a 42.9% increase compared to the previous year.

The loss attributable to owners of the company was HK$16.569 million, which is a significant 95% reduction from the loss in the prior corresponding period.

The substantial growth in revenue was primarily driven by a recovery in sales of diesel and gasoline to the group's key client in South Korea.

Despite ongoing geopolitical tensions, including the Russia-Ukraine conflict and continued hostilities in the Gaza Strip, alongside economic uncertainties linked to policies from the United States and OPEC, the group successfully capitalized on market opportunities to achieve higher sales figures.

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