Cnooc Energy Technology&Services Limited’s Net Profit Rose 34.3% in First Quarter of 2022

Cnooc Energy Technology&Services Limited (中海油能源发展股份有限公司) (600968.SH) reported a net profit of 324.1 million yuan in the first quarter of 2022, up 34.3% year-on-year.

Meanwhile, the company posted 8.2 billion yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 34.4 billion yuan in total assets and 13 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.