Anton Oilfield Shares Surge Over 5% on Strong Earnings Growth

Stock News
Apr 02

Anton Oilfield Services (03337) rose more than 5% in early trading, reaching HK$1.13 per share with a turnover of HK$31.50 million. The company reported annual revenue of RMB5.57 billion, up 17.2% year-on-year, and net profit attributable to shareholders of RMB370 million, an increase of 53.8%. The board proposed a final dividend of RMB0.0373 per share, compared to RMB0.025 in the previous year. According to analysis, the company's asset-light intelligent management services business saw significant revenue growth, becoming the primary driver of performance. The company achieved steady growth domestically and expanded overseas, though geopolitical tensions in the Middle East may affect business development in that region.

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