The board of directors of Yanchang Petroleum International Limited announced that based on the unaudited management accounts of the Group currently available, the Group is expected to turnaround and record a profit of around HKD 6 million for the year ended 31 December 2018, compared to a loss of around HKD 59 million for the previous year. Despite the fluctuation of the international oil prices facing by the Group, the oil and gas producing business in Canada has achieved profit through remarkable operational efficiency enhancement as well as various cost reduction initiatives. In addition, the refined oil trading business in the PRC has remained profitable as well.