According to the Zhitong Finance App, Energy & Energy Global (01142) announced results for the year ended March 31, 2023, with a turnover of HK$1.15 billion, a year-on-year decrease of 1.57%; shareholders should have a profit of HK$550 million; a loss of HK$343 million in the same period last year; profit of HK$3.79 cents per share.
According to the announcement, on the one hand, the Group benefited from the overall rise in sales prices of diesel and gasoline driven by overall inflation, which made a positive contribution to the annual turnover, but on the other hand, the price increase inhibited the demand for diesel and gasoline. Coupled with the adverse effects of the overall depreciation of the Korean won during the year, the absolute amount of annual turnover reduced when converted to the Hong Kong dollar reported in the consolidated accounts report. As a result, due to the net impact of the above factors, the Group's turnover for the year under review ultimately declined slightly.