Sinopec Oilfield Service Corporation’s Net Profit Dropped 13.7% in First Three Quarters of 2022

Sinopec Oilfield Service Corporation (中石化石油工程技术服务股份有限公司) (600871.SH) reported a net profit of 276.4 million yuan in the first three quarters of 2022, down 13.7% year-on-year.

Meanwhile, the company posted 51 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 68 billion yuan in total assets and 60.4 billion yuan in total liabilities, with a liability-to-asset ratio of 88.8%.