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Oiltek International Limited ( (SG:HQU) ) has issued an update.
Oiltek International Limited reported a decrease in revenue by 5.1% for the first quarter of 2025 compared to the same period in 2024. Despite the drop in revenue, the company saw a significant increase in gross profit by 52.4% and profit after tax by 22.1%, indicating improved operational efficiency. The company’s cash and bank balances also rose by 38.9%, reflecting a stronger financial position, which could positively impact its market standing and stakeholder confidence.
The most recent analyst rating on (SG:HQU) stock is a Buy with a S$0.70 price target. To see the full list of analyst forecasts on Oiltek International Limited stock, see the SG:HQU Stock Forecast page.
More about Oiltek International Limited
Oiltek International Limited, incorporated in Singapore, operates in the oil and gas industry. The company focuses on providing specialized engineering solutions and services, catering to the needs of the energy sector.
Average Trading Volume: 880,077
Technical Sentiment Signal: Buy
See more insights into HQU stock on TipRanks’ Stock Analysis page.