Geo-Jade Petroleum Corporation Posted 7.9 Million Yuan Net Loss in First Half of 2023

Geo-Jade Petroleum Corporation (洲际油气股份有限公司) (600759.SH) reported a net loss of 7.9 million yuan in the first half of 2023, reversing a net profit of 139 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.