Shandong Molong Petroleum Machinery (HK:0568) has released an update.
Shandong Molong Petroleum Machinery announced their interim financial results for the first half of 2024, revealing a decrease in revenue by 24.27% but a significant turnaround in net profit, reporting RMB170.1349 million compared to a loss in the previous year. Earnings per share also improved to RMB0.2132 from a negative RMB0.1983, although the company will not be issuing an interim dividend.
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