Back 09 May 2025

RH Petrogas Limited Navigates 1Q 2025 Headwinds: Revenue and Profitability Dip, But Underlying Value Strengthens

Link: https://links.sgx.com/1.0.0/corporate-announcements/KTZZME6B53GT90P8/69ff15f98bc85486840ff868f0de903e4a7b8ed7687827ce3e6af9174517b8c6

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.