Unitedenergy gp issued a profit warning, expecting a decrease of about 35%-45% in net profits for the six months ending June 30, 2024 compared to the same period last year. This expected decline is mainly due to increased production costs due to inflation and an increase in depreciation and amortization of assets in Iraq after the completion of the oil central processing plant construction. The company emphasizes that these figures are based on a preliminary review of unaudited comprehensive management accounts and may be adjusted after further review. The company will release a detailed half-year performance announcement in late August 2024, and shareholders and potential investors should act prudently.

Unitedenergy gp issued a profit warning, expecting a decrease of about 35%-45% in net profits for the six months ending June 30, 2024 compared to the same period last year. This expected decline is mainly due to increased production costs due to inflation and an increase in depreciation and amortization of assets in Iraq after the completion of the oil central processing plant construction. The company emphasizes that these figures are based on a preliminary review of unaudited comprehensive management accounts and may be adjusted after further review. The company will release a detailed half-year performance announcement in late August 2024, and shareholders and potential investors should act prudently.