PETRO-KING(02178.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at loss of HKD 35.33 million, loss widened by 199.54% YoY
NewTimeSpace News: August 14, 2026, PETRO-KING(02178.HK) released its Interim Report for the period ended December 31, 2026, Total Revenue stood at HKD 48.13 million, decreased by 56.75% YoY; Net Profit stood at loss of HKD 34.56 million, loss widened by 199.69% YoY; Profit Attributable to Shareholders stood at loss of HKD 35.33 million, loss widened by 199.54% YoY; Basic Earnings Per Share (EPS) stood at loss of HK cents 2.05.
In terms of profitability, PETRO-KING Gross Profit changed from HKD 91.73 million in the same period last year to HKD 35.09 million in the current period, decreased by HKD 56.65 million; gross profit margin changed from 82.45% in the same period last year to 72.91% in the current period, decreased by 9.54 percentage points; net profit changed from loss of HKD 11.53 million in the same period last year to loss of HKD 34.56 million in the current period, decreased by HKD 23.03 million; net profit margin changed from -10.36% in the same period last year to -71.81% in the current period, decreased by 61.45 percentage points.
In terms of earnings quality, PETRO-KING Operating Profit changed from loss of HKD 4.73 million in the same period last year to loss of HKD 25.52 million in the current period, decreased by HKD 20.79 million; Operating Profit Margin changed from -4.25% in the same period last year to -53.03% in the current period, decreased by 48.78 percentage points.
In terms of financial soundness, PETRO-KING Debt-to-Asset Ratio changed from 71.41% in the same period last year to 68.9% in the current period, decreased by 2.51 percentage points; Total Equity changed from HKD 171.799 million in the same period last year to HKD 183.702 million in the current period, increased by HKD 11.9 million; Current Liabilities changed from HKD 389.48 million in the same period last year to HKD 364.88 million in the current period, decreased by HKD 24.6 million; Quick Ratio changed from 0.96 in the same period last year to 0.94 in the current period, decreased by 0.02 percentage points.
In terms of R&D investment focus, PETRO-KING R&D Expenses changed from HKD 10.08 million in the same period last year to HKD 8.52 million in the current period, decreased by HKD 1.56 million; R&D to Total Revenue Ratio changed from 9.06% in the same period last year to 17.71% in the current period, increased by 8.65 percentage points.
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