Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 21, 2020 at 08:49 am
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Jiangsu Rutong Petro-Machinery Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 202.028 million compared to CNY 213.058 million a year ago. Operating income was CNY 57.774 million compared to CNY 56.651 million a year ago. Net income was CNY 50.704 million compared to CNY 48.265 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.24 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.
JIANGSU RUTONG PETRO-MACHINERY CO., LTD