Offshore Oil Engineering Co.,Ltd.’s Net Profit Rose 286.8% in First Quarter of 2023

Offshore Oil Engineering Co.,Ltd. (海洋石油工程股份有限公司) (600583.SH) reported a net profit of 451.3 million yuan in the first quarter of 2023, up 286.8% year-on-year.

Meanwhile, the company posted 6.4 billion yuan in revenue, up 46.9% year-on-year.

At the end of the reporting period, it had 42.1 billion yuan in total assets and 15.9 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.