Nominal 
Economic Information Daily News (March 3) Strait Petroleum Chemical (00852) announced a loss of HK$240 million for the year ended December 31 last year, narrowed from a loss of approximately HK$320 million in 2024, with a loss per share of 11.55 cents, and no final dividend will be paid.
The group stated that operating revenue was approximately HK$1.63 billion, an increase of 2%, with a gross loss of HK$5.4 million, compared to a gross profit of approximately HK$24.1 million in 2024, mainly attributable to high raw material costs and start-up challenges at its Fujian plant. As of the end of last year, the group's bank and other borrowings were approximately HK$35.6 million and HK$270 million respectively, with a debt-to-asset ratio of approximately 26%, an increase of 10 percentage points year-on-year. (wh)
*For details regarding the performance, please refer to the company's official announcement
The group stated that operating revenue was approximately HK$1.63 billion, an increase of 2%, with a gross loss of HK$5.4 million, compared to a gross profit of approximately HK$24.1 million in 2024, mainly attributable to high raw material costs and start-up challenges at its Fujian plant. As of the end of last year, the group's bank and other borrowings were approximately HK$35.6 million and HK$270 million respectively, with a debt-to-asset ratio of approximately 26%, an increase of 10 percentage points year-on-year. (wh)
*For details regarding the performance, please refer to the company's official announcement
