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Petro-king Oilfield Services Ltd. ( (HK:2178) ) has issued an announcement.
Petro-king Oilfield Services Ltd. reported a significant decline in revenue for the first half of 2025, with a 32.9% decrease compared to the same period in 2024. This decline was primarily due to postponed production enhancement projects in Southwestern China and the expiration of a supervisory service contract in the Middle East. Consequently, the company experienced a substantial increase in net loss, prompting the decision not to distribute an interim dividend. The revenue drop was notably severe in overseas markets, with an 86.7% decrease, while the China market saw a 26.4% decline.
More about Petro-king Oilfield Services Ltd.
Petro-king Oilfield Services Ltd. operates in the oilfield services industry, primarily offering production enhancement services, drilling services, and consultancy for oil and gas fields. The company also engages in trading oilfield and gas field-related products, with a market focus on regions such as China and the Middle East.
Average Trading Volume: 14,960,561
Technical Sentiment Signal: Buy
Current Market Cap: HK$133M
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