Sinopec Oilfield Service (HK:1033) has released an update.
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Sinopec Oilfield Service Corporation anticipates a robust growth in net profits, projecting an approximate 38.7% increase to RMB 452 million for the first half of 2024 compared to the same period last year. This financial upturn is attributed to the company’s strategic optimizations in production operations, expansion in high-end overseas markets, and cost reduction initiatives. Shareholders are advised to exercise caution in securities trading based on these preliminary, unaudited estimates.
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