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09 May 2025
RH Petrogas Limited Navigates 1Q 2025 Headwinds: Revenue and Profitability Dip, But Underlying Value Strengthens
Summary:
- RH Petrogas Limited reported a decrease in revenue by 13.6% to US$20.6 million for the first quarter ended 31 March 2025.
- Gross profit for the quarter also decreased by 10.5% to US$7.6 million.
- Profit before tax declined by 10.1% to US$7.0 million, and total comprehensive income decreased by 8.4% to US$4.0 million.
- Basic and diluted earnings per share decreased by 9.5% to 0.38 cents per share.
- Despite the decrease in profitability, the Group's net asset value per ordinary share increased from 6.77 cents as at 31 December 2024 to 7.15 cents as at 31 March 2025.