Brightoil Petroleum, the Hong Kong-listed tanker owner and bunker trader, expects to report an improved interim financial performance.
It said it based the forecast on the preliminary review of the unaudited management accounts , according to a regulatory filing to Hong Kong Stock Exchange.
“The growth in international trading and bunkering business sales volume and margin, as well as increase in upstream oil and gas assets production and the recovery of oil prices have contributed to the increase in the group’s profit as compared with the corresponding period of the previous year,” Brightoil chairman Sit Kwong Lam told investors.
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