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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 for oil and gas companies. Its services primarily include technical consultation, project management, well drilling, completion, stimulation, production, surface equipment, and testing equipment in oilfield. The company’s oilfield project services comprise oilfield development plan, procurement advice, and installation of tools and equipment; and on-site project management services principally for drilling, well completion, and production enhancement. Its consultancy services include integrated project management services, such as engineering and designing overall development plan for an oilfield project; assisting and providing advice on sourcing; oilfield project management services in different technical areas, including drilling, well completion, downhole operation, oilfield equipment installation, and production enhancement; and providing on-site operational management, supervision, support, and advice. The company also provides supervisory services, which include management, supervision, and technical support in specific technical areas in various stages of the oilfield project. In addition, it is involved in the manufacture and trading of tools and equipment; manufacture and repair of oilfield and gasfield machinery and equipment; sales and lease of equipment; and provision of drilling and well completion services. The company provides its products and services in China, the Middle East, the Russian Federation, Australia, South America, Singapore, Indonesia, Taiwan, Kazakhstan, Turkmenistan, the Republic of Trinidad and Tobago, and the Gabonese Republic. 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, China.

989 Employees
Last Reported Date: 03/30/15
Founded in 2002

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

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.5M
Vice President and Executive Director
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

petro-king oilfield svcs ltd (2178) Key Developments

Petro-King Oilfield Services Limited Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2014

Petro-king Oilfield Services Limited reported audited consolidated cash flow results for the year ended December 31, 2014. For the year, the company reported Net cash used in operating activities of HKD 85,247,993 against HKD 358,370,225 a year ago. Purchases of property, plant and equipment were HKD 531,671,352 against HKD 140,962,375 a year ago.

Petro-King Oilfield Services Limited Omits to Declare Final Dividend for the Year Ended December 31, 2014; Reports Consolidated Earnings Results for the Year Ended December 31, 2014

The Board of Petro-king Oilfield Services Limited does not recommend the payment of final dividend for the year ended 31 December 2014. A dividend of HKD 0.05 per share with total amount of HKD 53,405,022 was declared and paid in respect of the year ended 31 December 2013. The company reported consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of HKD 705,171,931 against HKD 1,060,434,801 a year ago. Operating loss was HKD 397,999,976 against operating profit of HKD 259,704,858 a year ago. Loss before income tax was HKD 416,833,303 against profit before income tax of HKD 259,460,626 a year ago. Loss for the year was HKD 418,147,547 against profit of HKD 210,506,147 a year ago. Loss for the year attributable to owners of the company was HKD 423,081,483 against profit of HKD 196,600,131 a year ago. Diluted and basic loss per share was HKD 39 against earnings per share of HKD 19 a year ago. In 2014, the decrease in revenue was mainly attributable to the general slowdown in business activities of the Group's major customers in China and the risk control measures taken by the Group in South America.

Petro-king Oilfield Services Limited to Report Fiscal Year 2014 Results on Mar 30, 2015

Petro-king Oilfield Services Limited announced that they will report fiscal year 2014 results on Mar 30, 2015

 

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