Sinopec Oilfield Service's Q1 Profit Balloons 23%

MT Newswires Live

2025/04/24

Sinopec Oilfield Service (SHA:600871, HKG:1033) recorded a 23% rise in attributable profit in the first quarter to 218.4 million yuan from 177.5 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.

Earnings per share for the oil and gas machinery and equipment manufacturer stood at 0.012 yuan in the three months, up from 0.009 yuan in the year-ago period.

The firm's operating income fell by 3.7% to 17.9 billion yuan from 18.5 billion yuan previously.

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