Petro-king Oilfield Services Ltd. (HK:2178) has released an update.
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Petro-king Oilfield Services Ltd. anticipates a substantial reduction in net loss for the first half of 2024, projecting a figure not exceeding HK$3 million, compared to a loss of nearly HK$18 million for the same period last year. This improvement is largely due to increased revenue from production enhancement services in China and a positive reversal of impairment on financial assets. Investors are advised to look out for the interim results announcement due around 19 August 2024 and to exercise caution when trading shares.
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