|2019-08-30 Source： Sinopecnews.com|
On August 28, Sinopec Oilfield Service Corporation held 2019 Interim Results Announcement in Hong Kong.
In 1H 2019, the company actively explored the market, deepened reforms, enhanced management, gave full play to the role of science and technology, recorded significant increases in revenue and new signed contract value and continued to improve operating performance. In 1H 2019, the company recorded a revenue of 30.26 billion yuan, increased by 28% YOY, and a net profit of 510 million yuan, increased by 27% YOY. The company achieved new contracts 42.9 billion yuan, up 25% YoY. The annual workload target of main segments has been accomplished more than half.
In 2H 2019, the company will firmly seize the opportunity of industry upward cycle, adhere to the development concept of “leading technology, creating value, supporting oil & gas, and serving customers”, continue to deepen reform and optimize market structure, team structure, HR structure and capital structure, so as to build a solid foundation for sustainable and high-quality development and promote the company's specialized, market-oriented, global, high-end and featured development. We are committed to creat greater value for shareholders and society, and build a world-class integrated petroleum engineering service company.
(Rong Liming Liu Wenxu)