Sinopec Oilfield Service Corporation’s Net Profit Rose 55.4% in First Three Quarters 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 443.6 million yuan in the first three quarters of 2023, up 55.4% year-on-year.

Meanwhile, the company posted 55.8 billion yuan in revenue, up 9.6% year-on-year.

At the end of the reporting period, it had 74.5 billion yuan in total assets and 66.3 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.