MIE Holdings Full Year 2024 Earnings: CN¥0.097 loss per share (vs CN¥0.047 loss in FY 2023)

MIE Holdings (HKG:1555) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥897.5m (down 13% from FY 2023).
• Net loss: CN¥329.0m (loss widened by 109% from FY 2023).
• CN¥0.097 loss per share (further deteriorated from CN¥0.047 loss in FY 2023).

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1555 Production

Combined production

• Oil equivalent production: 1.58 MMboe (1.921 MMboe in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Exploration, Development, Production and Sale of Oil under PSCs contributing CN¥897.5m. The most substantial expense, totaling CN¥495.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1555's revenue and expenses shape its earnings.

MIE Holdings shares are up 5.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for MIE Holdings (of which 2 are potentially serious!) you should know about.

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