Sinopec Oilfield Service Corporation’s Net Profit Rose 58% in First Half of 2023

Sinopec Oilfield Service Corporation (中石化石油工程技术服务股份有限公司) (600871.SH) reported a net profit of 325.9 million yuan in the first half of 2023, up 58% year-on-year.

Meanwhile, the company posted 37.1 billion yuan in revenue, up 12% year-on-year.

At the end of the reporting period, it had 72.8 billion yuan in total assets and 64.8 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.