Sino Geophysical Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021 at 12:54 pm
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Sino Geophysical Co. Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 425.171 million compared to CNY 174.530 million a year ago. Operating income was CNY 18.876 million compared to CNY 41.511 million a year ago. Net income was CNY 10.483 million compared to CNY 26.178 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.08 a year ago.
Sino Geophysical Co., Ltd. is a China-based company principally engaged in the provision of integration technical services of processing and explanation of geological data for oil and gas exploration. The Company is primarily involved in geological data processing business, geological data explanation business, geological data analysis business, well position arrangement business, oil field region assessment business, drilling and completion services, as well as provision of technological services, including intelligent management of oil fields and development of software, among others. The Company operates its geological data processing explanation and research for large petroleum exploration projects located in Daqing, Shengli, Liaohe, Tarim, Dagang, among others.