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An update from Petro-king Oilfield Services Ltd. ( (HK:2178) ) is now available.
Petro-king Oilfield Services Ltd. has issued a profit warning, expecting a significant increase in losses for the first half of 2025 compared to the previous year. The anticipated loss of up to HK$15.0 million is attributed to a decrease in revenue from postponed production enhancement services in China and the expiration of a service contract in the Middle East, impacting the company’s financial performance.
More about Petro-king Oilfield Services Ltd.
Petro-king Oilfield Services Ltd. is a company incorporated in the British Virgin Islands, specializing in oilfield services. The company focuses on providing production enhancement services, particularly in shale gas fields in Southwestern China, and has operations in the Middle East market.
Average Trading Volume: 15,310,282
Technical Sentiment Signal: Sell
Current Market Cap: HK$122.6M
See more insights into 2178 stock on TipRanks’ Stock Analysis page.