Shandong Molong Expects Return to Profitability in 2025

MT Newswires Live

01/29

Shandong Molong Petroleum Machinery (HKG:0568) said it expects a turnaround to profit in 2025, according to a Hong Kong bourse filing Wednesday.

Shares of the energy equipment supplier gained nearly 2% in morning trade Thursday.

The firm expects 4 million yuan to 6 million yuan in attributable profit for the year, compared with a loss of 43.7 million yuan in 2024.

Basic earnings per share is expected to be 0.005 to 0.008 yuan per share, compared with a loss of 0.05 yuan per share a year prior.

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