SPT Energy (HKG:1251) incurred an attributable loss of 256.2 million yuan in the year ending Dec. 31, 2024, compared with an attributable profit of 16.7 million yuan in the year-ago period, a June 27 filing with the Hong Kong bourse said.
Shares of the oilfield services provider were up 148% in Monday afternoon trading.
Loss per share was 0.131 yuan, whereas the company saw earnings per share of 0.009 yuan in the previous fiscal year.
The firm's revenue fell 13% to 1.69 billion yuan in the year from 1.95 billion yuan a year prior, mainly due to a decline in overseas workload and investment curtailment by clients in certain markets among other factors.
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