China Oilfield Services' Q1 Profit Jumps 40%, Operating Income Climbs 6%; Shares Up 3%

MT Newswires Live
24 Apr

China Oilfield Services' (HKG:2883, SHA:601808) net profit attributable to shareholders in the first quarter jumped 40% to 887.2 million yuan from 635.5 million yuan a year earlier, according to a Hong Kong Stock Exchange disclosure on Thursday.

Earnings per share rose 46% year on year to 0.19 yuan from 0.13 yuan.

The Chinese oilfield surveying services company's revenue climbed 6.4% to 10.8 billion yuan from 10.1 billion yuan in the prior year, the disclosure said.

The company's Shanghai shares jumped over 3% and Hong Kong shares rose less than 2% in recent trade.

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