Shandong Molong Petroleum Machinery (HK:0568) has released an update.
Shandong Molong Petroleum Machinery reported a significant increase in operating revenue by 96.60% for the third quarter of 2024, reaching RMB 400 million. Despite this growth, the company faced challenges with net profits falling 18.13% compared to last year, while cash flow from operating activities surged by 156.07%. Investors may find the 126.49% rise in earnings per share from the beginning of the year an encouraging sign amidst these mixed results.
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