Yanchang Petroleum International Issues Positive Profit Alert; Expects to Record a Profit of around HK$358 million for the Year of 2021
- Written by Reporters
About Yanchang Petroleum International (Stock Code: 00346)
Yanchang Petroleum International is principally engaged in the following activities (i) exploration, exploitation, and operation of oil and gas; and (ii) fuel oil trading and distribution. In its upstream operations, Yanchang Petroleum International possesses operating oilfields in Saskatchewan and Alberta, Canada, through its wholly owned subsidiary Novus Energy Inc., a Canadian enterprise. Novus engages in the business of acquiring, exploring for, developing and producing crude oil and natural gas. In its downstream operations, Yanchang Petroleum International is principally engaged in wholesale, retail, storage and transportation of oil products through its 70% owned subsidiary, Henan Yanchang Petroleum Sales Co., Limited, and which has been granted valid licenses for distribution and sales of oil products in China. The Group also established oil products trading companies in Zhoushan, Zhejiang and Shenzhen, China, respectively, for expanding its oil products trading business which will become a new profit driver. For details, please refer to http://www.yanchanginternational.comIssued by Cornerstones Communications Ltd. on behalf of Yanchang Petroleum International Limited. #YanchangPetroleum
The issuer is solely responsible for the content of this announcement.
Source https://www.media-outreach.com/news/hong-kong/2022/03/07/123119/