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Petro-king Oilfield Services Ltd. ( (HK:2178) ) has shared an announcement.
Petro-king Oilfield Services Limited has announced a significant reduction in its net loss for the year ended December 31, 2024, with expected losses not exceeding HK$25 million, compared to HK$74.7 million in the previous year. This improvement is attributed to decreased impairment losses on goodwill, reduced depreciation costs, and increased net reversal of impairment on financial assets, although partially offset by decreased gains on dilution of interests in associates and increased share of net loss of associates.
More about Petro-king Oilfield Services Ltd.
Petro-king Oilfield Services Limited is a company incorporated in the British Virgin Islands, primarily operating in the oilfield services industry. The company focuses on providing a range of services and solutions to the oil and gas sector, aiming to enhance operational efficiency and productivity.
YTD Price Performance: -3.33%
Average Trading Volume: 2,610,706
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$100.1M
For an in-depth examination of 2178 stock, go to TipRanks’ Stock Analysis page.