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Petro-king Oilfield Services Ltd. ( (HK:2178) ) just unveiled an update.
Petro-king Oilfield Services Limited reported revenue of approximately HK$267.9 million for 2025, down 8.4% from 2024, but swung from a loss to a profit of HK$22.9 million, with basic earnings per share at HK1.3 cents and no final dividend declared. The group’s China revenue declined slightly as weaker production enhancement work in Southwestern China was partly offset by stronger well completion product sales and drilling services in Northwestern China, while overseas revenue dropped sharply due to the non-renewal or scaling down of consultancy, integrated project management and drilling contracts in the Middle East and Uzbekistan, underscoring a growing reliance on its domestic market.
The most recent analyst rating on (HK:2178) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Petro-king Oilfield Services Ltd. stock, see the HK:2178 Stock Forecast page.
More about Petro-king Oilfield Services Ltd.
Petro-king Oilfield Services Limited is an oilfield and gas field technology services provider, offering drilling, well completion and production enhancement services, as well as trading related oilfield and gas field products. The group’s operations are primarily focused on the China market, with a smaller presence in overseas markets including the Middle East and Central Asia.
Average Trading Volume: 39,784,274
Technical Sentiment Signal: Buy
Current Market Cap: HK$656.1M
Learn more about 2178 stock on TipRanks’ Stock Analysis page.