Yantai Jereh Oilfield Services' H1 Profit Rises 4%, Operating Income Down 9%

MT Newswires Live
29 Aug 2024

Yantai Jereh Oilfield Services Group (SHE:002353) posted first-half net profit attributable to shareholders of 1.09 billion yuan, or 1.07 yuan per share, up 4% from 1.04 billion yuan, or 1.03 yuan per share, the previous year.

The oilfield equipment manufacturer's operating income declined 9% year over year to 4.96 billion yuan from 5.42 billion yuan, according to a Thursday filing with the Shenzhen bourse.

Yantai Jereh Oilfield Services Group declared a cash dividend of 1.2 yuan per 10 shares.

Shares of the company were down 1% in recent trade.

Price (RMB): ¥27.41, Change: ¥-0.22, Percent Change: -0.80%

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