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petro-king oilfield svcs ltd (2178) Details

Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology and oilfield services in the People’s Republic of China, South America, the Middle East, Central Asia, and internationally. The company offers oilfield project tools and services, such as oilfield development plan, procurement advice, tools and equipment installation, and on-site project management services. It also provides integrated project management services that include engineering and designing overall development plan for an oilfield project; assisting and providing advice on sourcing; oilfield project management services in the areas of drilling, well completion, downhole operation, oilfield equipment installation, and production enhancement; and providing on-site operational management, supervision, support, and advice. In addition, the company offers supervisory services that comprise management, supervision, and technical support in technical areas in various stages of the oilfield project. Further, it engages in the research and development, manufacture, assembly, maintenance, repair, inspection, rental, and trade of oil and gas field tools and equipment, as well as oilfield technology promotion activities. The company was formerly known as Termbray Petro-king Oilfield Services Limited and changed its name to Petro-king Oilfield Services Limited in May 2014. Petro-king Oilfield Services Limited was founded in 2002 and is headquartered in Shenzhen, the People’s Republic of China.

338 Employees
Last Reported Date: 09/21/17
Founded in 2002

petro-king oilfield svcs ltd (2178) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $70.0K
Total Annual Compensation: $835.0K
CTO & Executive Director
Total Annual Compensation: $731.0K
Compensation as of Fiscal Year 2016.
petro-king oilfield svcs ltd
Petro-King Oilfield Services Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017

Petro-king Oilfield Services Limited reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, revenue was HKD 132,382,000 against HKD 266,057,000 a year ago. The decrease in revenue was mainly due to the decline of oilfield project tools and services in the China and the Middle East markets. Operating loss was HKD 44,290,000 against HKD 43,486,000 a year ago. Loss before income tax was HKD 55,010,000 against HKD 56,751,000 a year ago. Loss attributable to owners of the company was HKD 57,512,000 against HKD 56,723,000 a year ago. Basic and diluted loss per share was 3 cents against earnings of 4 cent a year ago. Net cash used in operating activities was HKD 27,524,000 against HKD 28,627,000 a year ago. Purchases of property, plant and equipment was HKD 8,196,000 against HKD 17,507,000 a year ago.

Petro-King Oilfield Services Limited Appoints Leung Lin Cheong as Independent Non-Executive Director

Petro-king Oilfield Services Limited has appointed Leung Lin Cheong as Independent Non-Executive Director. The effective from June 02.

Petro-king Oilfield Services Limited to Report First Half, 2017 Results on Aug 29, 2017

Petro-king Oilfield Services Limited announced that they will report first half, 2017 results on Aug 29, 2017


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