CITIC Resources (01205) announced interim results. Profit attributable to shareholders of HK$286 million increased 88.27% year over year

According to the Zhitong Finance App, CITIC Resources (01205) announced interim results for the six months ended June 30, 2026. The group obtained revenue of HK$5,068 billion, a year-on-year decrease of 45.98%; profit attributable to the Company's common shareholders of HK$286 million, an increase of 88.27% over the previous year; and a profit of HK3.63 cents per share.

According to the announcement, the decline in revenue was mainly affected by the situation in the Middle East in the first half of the year. The oil and gas trade resources in the market plummeted, transaction uncertainty increased significantly. The group took the initiative to take risk aversion, reducing oil and gas trade volume by about 60.5% over the previous year. The second half of the year will try to make up for trade progress after the international market stabilizes.