Sinopec Oilfield Service's 2024 Profit Up 7%, Revenue Rises 1%

MT Newswires Live
03-19

Sinopec Oilfield Service (SHA:600871, HKG:1033) posted 2024 net profit attributable to shareholders of 631.6 million yuan, up 7.2% from 589.2 million yuan the previous year.

The oil and gas machinery and equipment manufacturer's revenue rose 1.4% year over year to 81.1 billion yuan from 80.0 billion yuan, according to a Tuesday filing with the Shanghai bourse.

Shares of the company were down 2% in recent trade.

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