Cnooc Energy Technology&Services Limited’s Net Profit Rose 28% in First Half of 2023

Cnooc Energy Technology&Services Limited (中海油能源发展股份有限公司) (600968.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, up 28% year-on-year.

Meanwhile, the company posted 20.7 billion yuan in revenue, up 1.9% year-on-year.

At the end of the reporting period, it had 40.7 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 42%.