tiprankstipranks
Petro-king Expects Significant Loss Reduction
Company Announcements

Petro-king Expects Significant Loss Reduction

Petro-king Oilfield Services Ltd. (HK:2178) has released an update.

Don't Miss Our Christmas Offers:

Petro-king Oilfield Services Ltd. anticipates a substantial reduction in net loss for the first half of 2024, projecting a figure not exceeding HK$3 million, compared to a loss of nearly HK$18 million for the same period last year. This improvement is largely due to increased revenue from production enhancement services in China and a positive reversal of impairment on financial assets. Investors are advised to look out for the interim results announcement due around 19 August 2024 and to exercise caution when trading shares.

For further insights into HK:2178 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App