CNOOC Energy's Q1 Profit Rises 7%, Revenue Slips 3%

MT Newswires Live

04/29

CNOOC Energy Technology & Services' (SHA:600968) net profit attributable to shareholders in the first quarter rose 7.3% to 637.4 million yuan from 594 million yuan in the previous year, according to a Shanghai bourse filing on Wednesday.

Earnings per shares increased year on year to 0.0627 yuan from 0.0584 yuan.

Operating revenue slipped 3.2% to 9.75 billion yuan from 10.1 billion yuan a year earlier.

The petroleum and oilfield company's shares closed over 2% higher.

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