Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 02:48 pm IST
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Jiangsu Rutong Petro-Machinery Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 62.276 million compared to CNY 63.214 million a year ago. Operating income was CNY 14.196 million compared to CNY 7.429 million a year ago. Net income was CNY 11.901 million compared to CNY 6.422 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.03 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 