China Oilfield Services Limited’s Net Profit Rose 66.2% in First Quarter of 2022

China Oilfield Services Limited (中海油田服务股份有限公司) (601808.SH) reported a net profit of 306.1 million yuan in the first quarter of 2022, up 66.2% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 73.5 billion yuan in total assets and 34.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.