Summary:

• Hengyang Petrochemical Logistics has issued profit guidance indicating that net profit for FY2025 is expected to be lower than FY2024, based on preliminary unaudited figures.

• The decline mainly reflects reduced tank storage utilisation and lower handling volumes amid weaker demand in the petrochemical and chemical logistics sector.

• The group also provides an operational update in the announcement, highlighting current market conditions and their impact on throughput and pricing.

• Detailed audited financial statements for FY2025 will be released in due course, and shareholders are advised to exercise caution when dealing in the company’s shares and to consult professional advisers where appropriate.

Link:
https://links.sgx.com/1.0.0/corporate-announcements/X5510GIFH07F3IE9/f34a326090d84c0f431f98c76766cf7f63aa1f4242061032bff60f74d11bee0a