Geo-Jade Petroleum Corporation’s Net Profit Dropped 13.9% in First Three Quarters of 2023

Geo-Jade Petroleum Corporation (洲际油气股份有限公司) (600759.SH) reported a net profit of 73.3 million yuan in the first three quarters of 2023, down 13.9% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 68.8%.