Published:
Rex International widens net loss in H1
It was mainly due to the depletion of oil and gas properties.
Rex International Holding Limited has widened its loss after tax to $38m (US$29.65m) during the first half of the year, as compared to a loss after tax of $13.4m (US$10.45m) in H1 2024.
The group said it was mainly due to the depletion from produced oil and gas properties and impairment loss on exploration and evaluation assets.
During the same period, the group recorded a revenue of $198m (US$154.5m), representing a 3% year-on-year decrease.
Adjusted earnings before interest, taxes, depreciation, and amortisation for H1 2025 also declined by 24% YoY to $86m (US$67.49m).
($1=US$0.77)
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