Baiqin Oil Service (02178) announced the results for the year ended December 31, 2023. The group made profits during the period...
According to the Zhitong Finance App, Baiqin Oil Service (02178) announced the results for the year ended December 31, 2023. The group achieved revenue of HK$315 million during the period, an increase of 0.34% over the previous year; losses due to company owners were HK$73.51 million, an increase of 157.14% over the previous year; and the basic loss per share was HK4.3 cents.
According to the announcement, the increase in revenue was mainly due to an increase in supervisory services provided in the Middle East, partially offset by a decrease in sales of completed products in the Chinese market and a decrease in drilling services provided.