China Oilfield Services Limited’s Net Profit Rose 31% in First Half 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 1.5 billion yuan in the first half of 2023, up 31% year-on-year.

Meanwhile, the company posted 18.9 billion yuan in revenue, up 24.1% year-on-year.

At the end of the reporting period, it had 79.6 billion yuan in total assets and 39 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.