HK Stock Market Move | E&P GLOBAL (01142) surged more than 9%, with the annual net loss attributable to shareholders narrowing by 95% year-on-year. Diesel and gasoline sales to major customers in South Korea have rebounded.

E&P GLOBAL (01142) rose more than 14% as of the time of writing, up 9.21% to 0.083 Hong Kong dollars, with a turnover of 6.0937 million Hong Kong dollars. On the news front, on June 30th, E&P GLOBAL released its annual results for the year ended March 31, 2026, with revenue of 699.7 million Hong Kong dollars, a year-on-year increase of 42.9%; the company's attributable loss was 16.569 million Hong Kong dollars, a year-on-year decrease of 95%. The announcement stated that the increase in revenue was mainly due to the recovery of diesel and gasoline sales volumes from the group's main client in South Korea. Despite tense geopolitical situations (including conflicts between Russia and Ukraine, as well as ongoing conflicts in the Middle East) and economic uncertainties related to US and OPEC policies, the group has still successfully seized market opportunities and achieved higher sales.