China Oilfield Services Limited’s Net Profit Rose 49.1% in First Quarter of 2023

China Oilfield Services Limited (中海油田服务股份有限公司) (601808.SH) reported a net profit of 456.4 million yuan in the first quarter of 2023, up 49.1% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, up 24.4% year-on-year.

At the end of the reporting period, it had 76.7 billion yuan in total assets and 36.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.3%.