Petro-king Oilfield Services Ltd. (HK:2178) has released an update.
Petro-king Oilfield Services Ltd. reports a significant revenue increase to HK$165.9 million for the first half of 2024, up 60.8% from the previous year, primarily due to strong demand for production enhancement services in China’s shale gas fields. Despite the revenue surge, the company experienced a marginal net loss of HK$0.4 million, a notable improvement from the HK$18.0 million loss in the same period last year. No interim dividend will be paid, consistent with the previous year’s policy.
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