Changes in Hong Kong stocks | United Energy Group (00467) rose more than 6% in the afternoon, net profit increased by nearly 29% year-on-year in the first half of the year, oil production declined, but sales prices rose

The Zhitong Finance App learned that United Energy Group (00467) rose more than 6% in the afternoon. As of press release, it had risen 6.41% to HK$0.415, with a turnover of HK$35.65 million.

According to the news, United Energy Group announced its results in the afternoon. The Group's turnover for the first half of the year was HK$10.939 billion, up 33.7% year on year; profit attributable to shareholders was HK$953 million, up 28.7% year on year. The Group drilled a total of 29 wells during the reporting period, and completed drilling of 6 wells, 3 wells and 20 wells in Pakistani assets, Iraq assets, and Egyptian assets, respectively.

During the period, average equity production was about 102,099 barrels of oil equivalent per day, down 8.7% from the average equity daily production of about 111,762 barrels of oil equivalent in the same period last year. The Group actively manages customer needs to achieve these stable production results. The average realized price of oil and gas from exploration and production was about US$65.7 per barrel of oil equivalent, an increase of 12.2% compared with approximately US$58.58 per barrel of oil equivalent in the same period last year.