Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2023
August 16, 2023 at 06:42 am EDT
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Jiangsu Rutong Petro-Machinery Co., Ltd reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 155.7 million compared to CNY 132.33 million a year ago. Revenue was CNY 157.16 million compared to CNY 132.54 million a year ago.
Net income was CNY 35.35 million compared to CNY 30.3 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.15 a year ago.
Jiangsu Rutong Petro-Machinery Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of petroleum drilling wellhead equipment. Its products mainly include hanging tools, fastening tools, clamping tools and other tools. Other tools include bushing series, spider series, as well as bit breaker series. The Companyâs products are mainly applied in the petroleum engineering technical service companies. The Company distributes its products within domestic market and to overseas markets, including Middle East, Africa, North America, Central and South America, as well as Russia, among others.