China Oilfield Services Limited (COSL) has released its interim results for the first half of 2025, indicating a positive growth trend across various financial indicators. The company's operating revenue reached RMB 23.32 billion, marking a 4% year-on-year increase. Total profit amounted to RMB 2.57 billion, reflecting a 7% rise compared to the previous year. Notably, COSL's net profit saw a significant increase of 22% year-on-year, totaling RMB 2.08 billion. Earnings per share $(EPS)$ also demonstrated strong growth, with a 24% increase, reaching RMB 0.41. The company's platforms achieved a high utilization rate of 93%, despite a global contraction in the utilization rates of jack-up and semi-sub drilling rigs, which stood at 79% and 68% respectively. International oil prices experienced a downward fluctuation during the first half of 2025, with Brent and WTI average oil prices at US$70.68 and US$67.52 per barrel, respectively. COSL's business results have shown improvement in profitability, with gross and net profits higher than the same period last year. The asset-liability ratio decreased by 2.7% year-on-year to 45.9%, while total labor productivity improved by 10% to RMB 1.29 million. The company maintained stability in its R&D investment, allocated at RMB 0.73 billion. Additionally, the cash conversion cycle was reduced by 0.8 days year-on-year to 35.0 days.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COSL - China Oilfield Services Limited published the original content used to generate this news brief on August 27, 2025, and is solely responsible for the information contained therein.
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