Sinopec Oilfield Service Full Year 2024 Earnings: Misses Expectations

Simply Wall St.

21 Mar

Sinopec Oilfield Service (HKG:1033) Full Year 2024 Results

Key Financial Results

Revenue: CN¥81.1b (up 1.4% from FY 2023).
Net income: CN¥631.6m (up 7.2% from FY 2023).
Profit margin: 0.8% (up from 0.7% in FY 2023).
EPS: CN¥0.033 (up from CN¥0.031 in FY 2023).

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SEHK:1033 Earnings and Revenue Growth March 20th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sinopec Oilfield Service Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Sinopec Oilfield Service (1 can't be ignored!) that you should be aware of.

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