Hanwei Energy Reports Third Quarter Fiscal 2021 Financial and Operational Results Hanwei Energy Services Corp.
VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE)
Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”) today reported its financial results for the three and nine months ended December 31, 2020. All amounts are in Canadian Dollars unless otherwise noted.
Update on COVID-19 Impact
With the recent announcements of various COVID-19 vaccine approvals in Canada and around the world, oil prices have recently increased. Commodity prices and the economic environment remains volatile and challenging which has adversely affected the Company s operational results and financial position. The COVID-19 situation is dynamic and the ultimate duration and magnitude of the impact on the economy and the financial effect on the Company is not known at this time.