Yanchang Petroleum International Full Year 2023 Earnings: EPS: HK$0.20 (vs HK$0.22 loss in FY 2022)

Yanchang Petroleum International (HKG:346) Full Year 2023 Results

Key Financial Results

• Revenue: HK$27.7b (down 7.3% from FY 2022).
• Net income: HK$217.6m (up from HK$199.5m loss in FY 2022).
• Profit margin: 0.8% (up from net loss in FY 2022).
• EPS: HK$0.20 (up from HK$0.22 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Supply and Procurement segment contributing a total revenue of HK$27.2b (98% of total revenue). Notably, cost of sales worth HK$27.3b amounted to 99% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to HK$240.7m (44% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$360.2m. Explore how 346's revenue and expenses shape its earnings.

Yanchang Petroleum International shares are up 3.8% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Yanchang Petroleum International that you should be aware of before investing here.

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