Anton Oilfield Services Reports 3.2% Year-on-Year Increase in Q2 New Orders to RMB 3.109 Billion

Deep News07-20

Anton Oilfield Services (ASX: 03337) has announced its second-quarter results, revealing that the group secured new orders worth RMB 3.109 billion, representing a year-on-year increase of 3.2%.

A breakdown of the new orders shows varied performance across different markets. In the Iraqi market, new orders amounted to approximately RMB 632 million, marking a significant decrease of 65.1% compared to the same period last year.

Conversely, other overseas markets saw robust growth, with new orders reaching around RMB 1.552 billion, a substantial year-on-year surge of 441.0%.

In the domestic Chinese market, new orders were approximately RMB 925.5 million, reflecting a modest increase of 1.3% from the prior year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment